Bank of New York Mellon Corp grew its stake in Bristow Group Inc (NYSE:BRS) by 10.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 415,553 shares of the oil and gas company’s stock after buying an additional 38,447 shares during the period. Bank of New York Mellon Corp’s holdings in Bristow Group were worth $5,040,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. USA Financial Portformulas Corp purchased a new position in shares of Bristow Group in the third quarter worth $298,000. Russell Investments Group Ltd. purchased a new position in shares of Bristow Group in the third quarter worth $534,000. Arizona State Retirement System raised its holdings in shares of Bristow Group by 10.2% in the third quarter. Arizona State Retirement System now owns 51,882 shares of the oil and gas company’s stock worth $629,000 after buying an additional 4,802 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of Bristow Group in the third quarter worth $760,000. Finally, MML Investors Services LLC raised its holdings in shares of Bristow Group by 17.8% in the third quarter. MML Investors Services LLC now owns 113,554 shares of the oil and gas company’s stock worth $1,377,000 after buying an additional 17,132 shares during the last quarter.

Shares of Bristow Group stock opened at $1.20 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.21 and a quick ratio of 1.85. Bristow Group Inc has a 1 year low of $1.11 and a 1 year high of $18.91. The firm has a market cap of $103.82 million, a P/E ratio of -0.56 and a beta of 2.99.

Bristow Group (NYSE:BRS) last issued its earnings results on Monday, February 11th. The oil and gas company reported ($0.57) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.59) by $0.02. Bristow Group had a negative net margin of 19.86% and a negative return on equity of 8.16%. The firm had revenue of $331.33 million during the quarter, compared to analysts’ expectations of $352.70 million. During the same quarter last year, the company posted ($0.52) earnings per share. As a group, equities analysts anticipate that Bristow Group Inc will post -2.8 earnings per share for the current fiscal year.

A number of research analysts have issued reports on BRS shares. Credit Suisse Group decreased their price target on shares of Bristow Group from $13.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, November 14th. ValuEngine raised shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Thursday, January 24th.

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Bristow Group Company Profile

Bristow Group Inc provides industrial aviation services to the offshore energy companies in Europe Caspian, Africa, the Americas, and the Asia Pacific. The company offers helicopter charter services to transport personnel between onshore bases and offshore production platforms, drilling rigs, and other installations, as well as to transport time-sensitive equipment to these offshore locations.

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

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