Capstone Asset Management Co. lowered its stake in shares of Bristow Group Inc. (NYSE:BRS) by 4.7% during the second quarter, Holdings Channel reports. The fund owned 15,516 shares of the company’s stock after selling 770 shares during the period. Capstone Asset Management Co.’s holdings in Bristow Group were worth $177,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Fund Advisors boosted its stake in shares of Bristow Group by 1.4% in the first quarter. BlackRock Fund Advisors now owns 2,368,139 shares of the company’s stock valued at $44,805,000 after buying an additional 32,136 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Bristow Group by 171.8% in the first quarter. Prudential Financial Inc. now owns 1,159,606 shares of the company’s stock valued at $21,940,000 after buying an additional 733,000 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Bristow Group by 1.2% in the first quarter. Loomis Sayles & Co. L P now owns 799,014 shares of the company’s stock valued at $15,117,000 after buying an additional 9,369 shares during the last quarter. Skyline Asset Management LP boosted its stake in shares of Bristow Group by 4.0% in the first quarter. Skyline Asset Management LP now owns 435,007 shares of the company’s stock valued at $8,230,000 after buying an additional 16,900 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Bristow Group by 1.8% in the first quarter. Geode Capital Management LLC now owns 217,393 shares of the company’s stock valued at $4,113,000 after buying an additional 3,773 shares during the last quarter.
Shares of Bristow Group Inc. (NYSE:BRS) traded up 0.36% during trading on Friday, reaching $14.02. The company’s stock had a trading volume of 1,133,290 shares. Bristow Group Inc. has a 12 month low of $9.17 and a 12 month high of $37.19. The company’s 50-day moving average is $12.02 and its 200-day moving average is $14.76. The company’s market capitalization is $491.58 million.
Bristow Group (NYSE:BRS) last released its earnings results on Thursday, August 4th. The company reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.21. Bristow Group had a negative net margin of 6.50% and a positive return on equity of 1.16%. The company earned $356.10 million during the quarter, compared to the consensus estimate of $383.79 million. During the same quarter in the previous year, the business posted $0.56 EPS. The firm’s quarterly revenue was down 20.9% on a year-over-year basis. On average, analysts forecast that Bristow Group Inc. will post ($1.76) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Tuesday, August 30th. Bristow Group’s payout ratio is presently -9.30%.
Several equities analysts have recently commented on BRS shares. Zacks Investment Research raised Bristow Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Capital One Financial Corp. lowered Bristow Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 16th. Cowen and Company lowered their target price on Bristow Group from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, September 1st. Barclays PLC raised Bristow Group from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $22.00 to $20.00 in a report on Monday, June 6th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $15.00 target price on shares of Bristow Group in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Bristow Group has an average rating of “Hold” and an average price target of $22.20.
In other Bristow Group news, insider Jonathan Baliff purchased 8,200 shares of the business’s stock in a transaction on Monday, August 15th. The stock was purchased at an average price of $12.12 per share, for a total transaction of $99,384.00. Following the completion of the purchase, the insider now directly owns 50,998 shares in the company, valued at $618,095.76. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chet Akiri purchased 5,565 shares of the business’s stock in a transaction on Monday, August 29th. The shares were acquired at an average price of $11.62 per share, with a total value of $64,665.30. Following the purchase, the insider now owns 5,565 shares of the company’s stock, valued at $64,665.30. The disclosure for this purchase can be found here. 9.60% of the stock is currently owned by corporate insiders.
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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