Boston Partners Decreases Position in Bristow Group Inc (BRS)

Boston Partners trimmed its position in shares of Bristow Group Inc (NYSE:BRS) by 51.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 882,802 shares of the oil and gas company’s stock after selling 936,055 shares during the period. Boston Partners owned about 2.50% of Bristow Group worth $8,255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its holdings in shares of Bristow Group by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the oil and gas company’s stock valued at $100,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Bristow Group by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 16,693 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund raised its holdings in shares of Bristow Group by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 23,399 shares of the oil and gas company’s stock valued at $179,000 after buying an additional 276 shares in the last quarter. Capstone Asset Management Co. raised its holdings in shares of Bristow Group by 2.4% during the 2nd quarter. Capstone Asset Management Co. now owns 17,796 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 410 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Bristow Group by 4.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,584 shares of the oil and gas company’s stock valued at $112,000 after buying an additional 634 shares in the last quarter.

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A number of brokerages recently weighed in on BRS. Zacks Investment Research cut Bristow Group from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. BidaskClub cut Bristow Group from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Cowen and Company set a $7.00 price target on Bristow Group and gave the stock a “hold” rating in a research note on Friday, October 6th. ValuEngine raised Bristow Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $10.00 price target on shares of Bristow Group in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.80.

Bristow Group Inc (NYSE:BRS) opened at $13.96 on Thursday. 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 results on Wednesday, November 8th. The oil and gas company reported ($0.33) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.95) by $0.62. The business had revenue of $358.00 million for the quarter, compared to analysts’ expectations of $345.87 million. Bristow Group had a negative return on equity of 7.08% and a negative net margin of 13.31%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.35) EPS. equities analysts anticipate that Bristow Group Inc will post -3.43 EPS for the current year.

In other Bristow Group news, insider Jonathan Baliff acquired 6,500 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were purchased at an average cost of $7.70 per share, for a total transaction of $50,050.00. Following the transaction, the insider now owns 67,344 shares in the company, valued at $518,548.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 10.00% of the stock is currently owned by company insiders.

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

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