BlackRock Inc. increased its position in Bristow Group Inc (NYSE:BRS) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,401,608 shares of the oil and gas company’s stock after acquiring an additional 279,167 shares during the period. BlackRock Inc. owned approximately 12.31% of Bristow Group worth $62,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its stake in Bristow Group by 5.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 728,413 shares of the oil and gas company’s stock worth $10,278,000 after acquiring an additional 38,906 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Bristow Group during the 2nd quarter valued at about $206,000. Piedmont Investment Advisors LLC purchased a new position in shares of Bristow Group during the 2nd quarter valued at about $106,000. AMS Capital Ltda purchased a new position in shares of Bristow Group during the 2nd quarter valued at about $4,836,000. Finally, SG Americas Securities LLC purchased a new position in shares of Bristow Group during the 2nd quarter valued at about $292,000.
A number of equities analysts have weighed in on BRS shares. Zacks Investment Research upgraded Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Credit Suisse Group reduced their price objective on Bristow Group from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, August 8th. Finally, ValuEngine upgraded Bristow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 4th.
NYSE BRS opened at $12.15 on Friday. The stock has a market cap of $433.83 million, a price-to-earnings ratio of -5.62 and a beta of 2.86. Bristow Group Inc has a fifty-two week low of $8.22 and a fifty-two week high of $18.91. The company has a quick ratio of 1.94, a current ratio of 2.32 and a debt-to-equity ratio of 1.25.
Bristow Group (NYSE:BRS) last released its quarterly earnings data on Thursday, August 2nd. The oil and gas company reported ($0.82) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.64) by ($0.18). The company had revenue of $367.90 million for the quarter, compared to analysts’ expectations of $348.80 million. Bristow Group had a negative net margin of 11.80% and a negative return on equity of 6.36%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.83) EPS. Analysts forecast that Bristow Group Inc will post -2.8 EPS for the current year.
About Bristow Group
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.
Featured Story: Asset Allocation Models, Which is Right For You?
Want to see what other hedge funds are holding BRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bristow Group Inc (NYSE:BRS).
Receive News & Ratings for Bristow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bristow Group and related companies with MarketBeat.com's FREE daily email newsletter.