Parametric Portfolio Associates LLC Reduces Stake in Bristow Group Inc (BRS)

Parametric Portfolio Associates LLC trimmed its position in Bristow Group Inc (NYSE:BRS) by 6.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 199,888 shares of the company’s stock after selling 14,023 shares during the period. Parametric Portfolio Associates LLC owned 0.57% of Bristow Group worth $1,529,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in BRS. Louisiana State Employees Retirement System lifted its stake in shares of Bristow Group by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the company’s stock valued at $100,000 after acquiring an additional 100 shares during the last quarter. Winslow Asset Management Inc. lifted its stake in shares of Bristow Group by 7.4% in the 2nd quarter. Winslow Asset Management Inc. now owns 13,075 shares of the company’s stock valued at $100,000 after acquiring an additional 900 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Bristow Group by 87.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,117 shares of the company’s stock valued at $108,000 after acquiring an additional 6,604 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Bristow Group by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 16,693 shares of the company’s stock valued at $128,000 after acquiring an additional 100 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Bristow Group in the 2nd quarter valued at $130,000.

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In related news, insider Jonathan Baliff bought 6,500 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost of C$7.70 per share, with a total value of C$50,050.00. Following the transaction, the insider now directly owns 67,344 shares in the company, valued at C$518,548.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.00% of the stock is owned by company insiders.

A number of brokerages have recently commented on BRS. Barclays PLC reiterated a “hold” rating and issued a $10.00 price target on shares of Bristow Group in a research note on Friday, August 11th. Zacks Investment Research cut Bristow Group from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. Cowen and Company set a $7.00 price target on Bristow Group and gave the company a “hold” rating in a research note on Friday, October 6th. BidaskClub upgraded Bristow Group from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, ValuEngine upgraded Bristow Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$12.60.

Bristow Group Inc (NYSE:BRS) opened at C$14.15 on Monday. 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 C$6.21 and a 12-month high of C$21.88.

Bristow Group (NYSE:BRS) last announced its earnings results on Wednesday, November 8th. The company reported C($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.95) by C$0.62. The business had revenue of C$358.00 million during the quarter, compared to analyst estimates of C$345.87 million. Bristow Group had a negative return on equity of 7.08% and a negative net margin of 13.31%. Bristow Group’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the company earned ($0.35) EPS. research analysts anticipate that Bristow Group Inc will post -3.43 earnings per share for the current fiscal year.

About Bristow Group

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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Institutional Ownership by Quarter for Bristow Group (NYSE:BRS)

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