Pinebridge Investments L.P. grew its position in Bristow Group Inc (NYSE:BRS) by 36.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,657 shares of the oil and gas company’s stock after buying an additional 16,035 shares during the period. Pinebridge Investments L.P. owned approximately 0.17% of Bristow Group worth $456,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its holdings in shares of 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 buying an additional 100 shares during the period. Winslow Asset Management Inc. raised its stake in Bristow Group by 7.4% during the 2nd quarter. Winslow Asset Management Inc. now owns 13,075 shares of the oil and gas company’s stock worth $100,000 after buying an additional 900 shares during the period. BNP Paribas Arbitrage SA raised its stake in Bristow Group by 87.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,117 shares of the oil and gas company’s stock worth $108,000 after buying an additional 6,604 shares during the period. Mason Street Advisors LLC raised its stake in Bristow Group by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 7,468 shares of the oil and gas company’s stock worth $114,000 after buying an additional 489 shares during the period. Finally, Arizona State Retirement System raised its stake in Bristow Group by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 16,693 shares of the oil and gas company’s stock worth $128,000 after buying an additional 100 shares during the period.

Shares of Bristow Group Inc (NYSE BRS) opened at 9.52 on Tuesday. The company’s 50 day moving average is $8.83 and its 200-day moving average is $9.93. The firm’s market capitalization is $336.31 million. Bristow Group Inc has a one year low of $6.21 and a one year high of $21.88.

Bristow Group (NYSE:BRS) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $352.10 million for the quarter, compared to the consensus estimate of $299.93 million. During the same period in the previous year, the business earned ($0.34) EPS. The firm’s revenue was down 4.7% compared to the same quarter last year. Equities analysts expect that Bristow Group Inc will post ($3.42) EPS for the current year.

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In other Bristow Group news, insider Jonathan Baliff bought 6,500 shares of the stock in a transaction on Friday, August 18th. The stock was acquired at an average cost of $7.70 per share, for a total transaction of $50,050.00. Following the completion of the acquisition, the insider now owns 67,344 shares in the company, valued at approximately $518,548.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.00% of the company’s stock.

BRS has been the topic of several recent analyst reports. Barclays PLC reiterated a “hold” rating and set a $10.00 target price on shares of Bristow Group in a report on Friday, August 11th. BidaskClub upgraded Bristow Group from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Zacks Investment Research downgraded Bristow Group from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, ValuEngine raised Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $12.60.

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

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