New York State Common Retirement Fund decreased its holdings in shares of Bristow Group Inc (NYSE:BRS) by 39.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 21,700 shares of the oil and gas company’s stock after selling 14,201 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of Bristow Group worth $166,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System lifted its holdings in shares of Bristow Group by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 100 shares during the period. Winslow Asset Management Inc. lifted its holdings in shares of Bristow Group by 7.4% during the second quarter. Winslow Asset Management Inc. now owns 13,075 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 900 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Bristow Group by 87.9% during the second quarter. BNP Paribas Arbitrage SA now owns 14,117 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 6,604 shares during the period. Arizona State Retirement System lifted its holdings in shares of Bristow Group by 0.6% during the second quarter. Arizona State Retirement System now owns 16,693 shares of the oil and gas company’s stock worth $128,000 after purchasing an additional 100 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Bristow Group during the second quarter worth about $130,000.

A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Bristow Group from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Cowen Inc set a $7.00 target price on Bristow Group and gave the stock a “hold” rating in a report on Friday, October 6th. ValuEngine raised Bristow Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Barclays PLC reaffirmed a “hold” rating and set a $10.00 target price on shares of Bristow Group in a report on Friday, August 11th. Finally, BidaskClub raised Bristow Group from a “sell” rating to a “hold” rating in a report on Friday, August 25th. One research 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. Bristow Group currently has an average rating of “Hold” and an average target price of $13.80.

Shares of Bristow Group Inc (BRS) opened at $14.91 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.02 and a current ratio of 1.34. Bristow Group Inc has a twelve month low of $6.21 and a twelve month high of $21.88.

Bristow Group (NYSE:BRS) last announced its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.95) by $0.62. Bristow Group had a negative return on equity of 7.08% and a negative net margin of 13.31%. The company had revenue of $358.00 million during the quarter, compared to the consensus estimate of $345.87 million. During the same period in the previous year, the company posted ($0.35) earnings per share. Bristow Group’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts predict that Bristow Group Inc will post -3.43 earnings per share for the current fiscal year.

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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.

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

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