MML Investors Services LLC Boosts Stake in Bristow Group Inc (BRS)
MML Investors Services LLC lifted its stake in shares of Bristow Group Inc (NYSE:BRS) by 16.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 127,524 shares of the oil and gas company’s stock after buying an additional 17,836 shares during the quarter. MML Investors Services LLC owned about 0.36% of Bristow Group worth $976,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Bristow Group by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,959,621 shares of the oil and gas company’s stock worth $45,015,000 after buying an additional 21,261 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Bristow Group by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 2,427,238 shares of the oil and gas company’s stock worth $36,918,000 after buying an additional 62,466 shares during the last quarter. Boston Partners lifted its stake in shares of Bristow Group by 112.2% during the 2nd quarter. Boston Partners now owns 1,818,857 shares of the oil and gas company’s stock worth $13,914,000 after buying an additional 961,730 shares during the last quarter. State Street Corp lifted its stake in shares of Bristow Group by 29.6% during the 1st quarter. State Street Corp now owns 1,419,712 shares of the oil and gas company’s stock worth $21,594,000 after buying an additional 324,214 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Bristow Group by 15.5% during the 1st quarter. Morgan Stanley now owns 1,358,943 shares of the oil and gas company’s stock worth $20,669,000 after buying an additional 182,319 shares during the last quarter.
In other Bristow Group news, insider Jonathan Baliff bought 6,500 shares of the business’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $7.70 per share, for a total transaction of $50,050.00. Following the completion of the transaction, the insider now directly owns 67,344 shares of the company’s stock, valued at $518,548.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 10.00% of the stock is owned by company insiders.
Several brokerages have weighed in on BRS. Zacks Investment Research upgraded shares of Bristow Group from a “sell” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Wednesday, September 6th. BidaskClub upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Barclays PLC reiterated a “hold” rating and issued a $10.00 price objective on shares of Bristow Group in a research note on Friday, August 11th. ValuEngine upgraded shares of Bristow Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $10.00 price objective on shares of Bristow Group in a research note on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Bristow Group currently has an average rating of “Hold” and an average price target of $12.60.
Shares of Bristow Group Inc (BRS) opened at 9.34 on Monday. The firm has a 50-day moving average of $8.27 and a 200 day moving average of $10.21. Bristow Group Inc has a 52 week low of $6.21 and a 52 week high of $21.88. The firm’s market cap is $329.95 million.
Bristow Group (NYSE:BRS) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.11) by $0.28. The firm had revenue of $352.10 million during the quarter, compared to analyst estimates of $299.93 million. Bristow Group had a negative net margin of 13.32% and a negative return on equity of 6.83%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.34) earnings per share. Equities research analysts predict that Bristow Group Inc will post ($3.42) EPS for the current fiscal year.
Bristow Group Company Profile
Bristow Group Inc is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan.
Want to see what other hedge funds are holding BRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bristow Group Inc (NYSE:BRS).
Receive News & Ratings for Bristow Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bristow Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.