Bristow Group Inc (BRS) Stake Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in Bristow Group Inc (NYSE:BRS) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 386,438 shares of the oil and gas company’s stock after selling 34,116 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.09% of Bristow Group worth $5,206,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its position in shares of Bristow Group by 3.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 647,908 shares of the oil and gas company’s stock valued at $8,728,000 after purchasing an additional 19,739 shares during the period. JPMorgan Chase & Co. raised its position in shares of Bristow Group by 17,519.3% in the third quarter. JPMorgan Chase & Co. now owns 456,341 shares of the oil and gas company’s stock valued at $4,303,000 after purchasing an additional 453,751 shares during the period. Acadian Asset Management LLC raised its position in shares of Bristow Group by 37.6% in the fourth quarter. Acadian Asset Management LLC now owns 292,400 shares of the oil and gas company’s stock valued at $3,938,000 after purchasing an additional 79,943 shares during the period. California Public Employees Retirement System raised its position in shares of Bristow Group by 15.1% in the third quarter. California Public Employees Retirement System now owns 268,324 shares of the oil and gas company’s stock valued at $2,509,000 after purchasing an additional 35,224 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Bristow Group in the third quarter valued at approximately $2,160,000.

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In other Bristow Group news, CEO Jonathan Baliff purchased 3,900 shares of the firm’s stock in a transaction on Thursday, March 15th. The shares were purchased at an average price of $12.97 per share, for a total transaction of $50,583.00. Following the completion of the purchase, the chief executive officer now directly owns 73,244 shares of the company’s stock, valued at $949,974.68. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider L. Don Miller purchased 2,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The shares were acquired at an average price of $12.58 per share, for a total transaction of $25,160.00. Following the purchase, the insider now directly owns 14,199 shares of the company’s stock, valued at $178,623.42. The disclosure for this purchase can be found here. Insiders own 10.00% of the company’s stock.

Shares of BRS stock opened at $13.14 on Friday. Bristow Group Inc has a 1 year low of $6.21 and a 1 year high of $17.35. The firm has a market cap of $474.76, a P/E ratio of -6.17 and a beta of 3.00. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.09 and a current ratio of 1.45.

Bristow Group (NYSE:BRS) last announced its earnings results on Thursday, February 8th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.65) by $0.13. Bristow Group had a negative net margin of 12.13% and a negative return on equity of 7.91%. The business had revenue of $345.53 million for the quarter, compared to analyst estimates of $354.10 million. During the same quarter in the previous year, the firm posted ($0.29) earnings per share. Bristow Group’s revenue was up 6.5% compared to the same quarter last year. analysts predict that Bristow Group Inc will post -2.5 EPS for the current year.

A number of research firms have recently commented on BRS. Zacks Investment Research lowered shares of Bristow Group from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Credit Suisse Group boosted their target price on shares of Bristow Group from $8.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Finally, ValuEngine raised shares of Bristow Group from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Six analysts have rated the stock with a hold rating, Bristow Group has a consensus rating of “Hold” and an average price target of $13.25.

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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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