Vanguard Group Inc. increased its stake in shares of Bristow Group Inc (NYSE:BRS) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,427,238 shares of the oil and gas company’s stock after buying an additional 62,466 shares during the period. Vanguard Group Inc. owned about 6.92% of Bristow Group worth $36,918,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp acquired a new position in shares of Bristow Group during the first quarter valued at approximately $6,242,000. Loomis Sayles & Co. L P increased its position in shares of Bristow Group by 35.6% in the first quarter. Loomis Sayles & Co. L P now owns 510,235 shares of the oil and gas company’s stock valued at $7,761,000 after buying an additional 134,052 shares during the last quarter. Thrivent Financial For Lutherans increased its position in shares of Bristow Group by 0.7% in the first quarter. Thrivent Financial For Lutherans now owns 174,934 shares of the oil and gas company’s stock valued at $2,661,000 after buying an additional 1,160 shares during the last quarter. South Dakota Investment Council increased its position in shares of Bristow Group by 10.2% in the first quarter. South Dakota Investment Council now owns 237,936 shares of the oil and gas company’s stock valued at $3,619,000 after buying an additional 22,000 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Bristow Group during the first quarter valued at approximately $1,673,000.
Shares of Bristow Group Inc (BRS) traded down 2.5997% during midday trading on Tuesday, hitting $7.2758. The stock had a trading volume of 48,708 shares. The firm has a 50 day moving average price of $7.33 and a 200-day moving average price of $11.79. Bristow Group Inc has a 52-week low of $6.21 and a 52-week high of $21.88. The stock’s market cap is $257.03 million.
Bristow Group (NYSE:BRS) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.11) by $0.28. Bristow Group had a negative net margin of 13.32% and a negative return on equity of 6.83%. The business had revenue of $352.10 million for the quarter, compared to analyst estimates of $299.93 million. During the same period in the prior year, the company posted ($0.34) EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts predict that Bristow Group Inc will post ($3.44) EPS for the current fiscal year.
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Several equities analysts have recently commented on the company. ValuEngine upgraded Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 20th. Zacks Investment Research upgraded Bristow Group from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Cowen and Company downgraded Bristow Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $14.00 to $7.00 in a research report on Friday, May 26th. BidaskClub upgraded Bristow Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Credit Suisse Group restated a “hold” rating and issued a $10.00 price objective on shares of Bristow Group in a research report on Sunday, May 28th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $15.00.
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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