California State Teachers Retirement System Has $439,000 Stake in Bristow Group Inc (BRS)
California State Teachers Retirement System lessened its stake in shares of Bristow Group Inc (NYSE:BRS) by 13.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,369 shares of the oil and gas company’s stock after selling 8,800 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Bristow Group worth $439,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its position in Bristow Group by 6.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,466 shares of the oil and gas company’s stock worth $218,000 after purchasing an additional 1,737 shares during the last quarter. BlueCrest Capital Management Ltd grew its position in Bristow Group by 224.9% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 45,514 shares of the oil and gas company’s stock worth $348,000 after purchasing an additional 31,504 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Bristow Group by 14.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 128,295 shares of the oil and gas company’s stock worth $981,000 after purchasing an additional 16,036 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Bristow Group during the 2nd quarter worth approximately $126,000. Finally, Voya Investment Management LLC grew its position in Bristow Group by 21.9% during the 2nd quarter. Voya Investment Management LLC now owns 16,965 shares of the oil and gas company’s stock worth $130,000 after purchasing an additional 3,043 shares during the last quarter.
Shares of Bristow Group Inc (NYSE BRS) opened at $14.21 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.34 and a debt-to-equity ratio of 0.97. Bristow Group Inc has a 12 month low of $6.21 and a 12 month high of $21.88.
Bristow Group (NYSE:BRS) last announced its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.95) by $0.62. Bristow Group had a negative net margin of 13.31% and a negative return on equity of 7.08%. The business had revenue of $358.00 million during the quarter, compared to analysts’ expectations of $345.87 million. During the same period in the previous year, the business posted ($0.35) EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. sell-side analysts expect that Bristow Group Inc will post -3.43 earnings per share for the current fiscal year.
In other news, insider Jonathan Baliff bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average cost of $14.84 per share, for a total transaction of $29,680.00. Following the purchase, the insider now directly owns 69,344 shares in the company, valued at approximately $1,029,064.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 10.00% of the company’s stock.
Several brokerages have commented on BRS. Barclays restated a “hold” rating and set a $10.00 price objective on shares of Bristow Group in a research note on Friday, August 11th. Cowen set a $7.00 price objective on shares of Bristow Group and gave the company a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research cut shares of Bristow Group from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. BidaskClub upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, ValuEngine upgraded shares of Bristow Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $13.80.
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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.
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