Schwab Charles Investment Management Inc. lifted its holdings in shares of Bristow Group Inc (NYSE:BRS) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 647,908 shares of the oil and gas company’s stock after purchasing an additional 19,739 shares during the period. Schwab Charles Investment Management Inc. owned about 1.83% of Bristow Group worth $8,728,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in 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 purchasing an additional 634 shares during the period. Voya Investment Management LLC increased its stake in Bristow Group by 21.9% in the 2nd quarter. Voya Investment Management LLC now owns 16,965 shares of the oil and gas company’s stock valued at $130,000 after buying an additional 3,043 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Bristow Group in the 3rd quarter valued at approximately $167,000. Aperio Group LLC grew its position in Bristow Group by 71.8% in the third quarter. Aperio Group LLC now owns 20,170 shares of the oil and gas company’s stock worth $189,000 after acquiring an additional 8,433 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Bristow Group by 44.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 20,360 shares of the oil and gas company’s stock worth $190,000 after buying an additional 6,243 shares during the period.
Shares of Bristow Group Inc (NYSE:BRS) traded up $0.03 on Wednesday, reaching $12.88. The company had a trading volume of 759,936 shares, compared to its average volume of 642,190. The stock has a market cap of $480.42, a price-to-earnings ratio of -2.62 and a beta of 3.03. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 0.88. Bristow Group Inc has a 52 week low of $6.21 and a 52 week high of $17.35.
Bristow Group (NYSE:BRS) last announced its quarterly earnings data on Thursday, February 8th. The oil and gas company reported ($0.52) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.65) by $0.13. Bristow Group had a negative return on equity of 7.91% and a negative net margin of 12.13%. The company had revenue of $345.53 million for the quarter, compared to analysts’ expectations of $354.10 million. During the same period last year, the firm posted ($0.29) EPS. Bristow Group’s revenue for the quarter was up 6.5% compared to the same quarter last year. sell-side analysts predict that Bristow Group Inc will post -2.5 EPS for the current year.
A number of analysts have weighed in on BRS shares. Barclays increased their price target on shares of Bristow Group from $10.00 to $16.00 and gave the company an “equal weight” rating in a report on Tuesday, November 14th. ValuEngine lowered shares of Bristow Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Finally, Credit Suisse Group raised their target price on shares of Bristow Group from $8.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $13.25.
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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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