BNP Paribas Arbitrage SA Grows Holdings in Bristow Group Inc (BRS)
BNP Paribas Arbitrage SA raised its position in Bristow Group Inc (NYSE:BRS) by 87.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 14,117 shares of the oil and gas company’s stock after acquiring an additional 6,604 shares during the period. BNP Paribas Arbitrage SA’s holdings in Bristow Group were worth $108,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its stake in Bristow Group by 0.8% in 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 acquiring an additional 100 shares in the last quarter. Mason Street Advisors LLC lifted its stake in Bristow Group by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 7,468 shares of the oil and gas company’s stock valued at $114,000 after acquiring an additional 489 shares in the last quarter. Arizona State Retirement System lifted its stake in Bristow Group by 0.6% in 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 acquiring an additional 100 shares in the last quarter. SG Americas Securities LLC bought a new stake in Bristow Group in the 2nd quarter valued at approximately $130,000. Finally, Invictus RG bought a new stake in Bristow Group in the 1st quarter valued at approximately $136,000.
Several research analysts have weighed in on BRS shares. Zacks Investment Research raised Bristow Group from a “sell” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Wednesday, September 6th. BidaskClub raised Bristow Group from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Barclays PLC reaffirmed a “hold” rating and set a $10.00 price target on shares of Bristow Group in a research report on Friday, August 11th. Finally, ValuEngine raised Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.60.
In other news, insider Jonathan Baliff purchased 6,500 shares of the company’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $7.70 per share, with a total value of $50,050.00. Following the completion of the purchase, the insider now directly owns 67,344 shares in the company, valued at approximately $518,548.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 10.00% of the company’s stock.
Bristow Group Inc (NYSE:BRS) opened at 9.35 on Friday. The firm’s 50 day moving average price is $8.27 and its 200 day moving average price is $10.21. Bristow Group Inc has a 52-week low of $6.21 and a 52-week high of $21.88. The firm’s market cap is $330.31 million.
Bristow Group (NYSE:BRS) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.11) by $0.28. Bristow Group had a negative return on equity of 6.83% and a negative net margin of 13.32%. The firm had revenue of $352.10 million during the quarter, compared to analyst estimates of $299.93 million. During the same quarter in the previous year, the company posted ($0.34) earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts anticipate that Bristow Group Inc will post ($3.42) EPS for the current fiscal year.
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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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