Boston Partners raised its position in Bristow Group Inc (NYSE:BRS) by 112.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,818,857 shares of the oil and gas company’s stock after buying an additional 961,730 shares during the period. Boston Partners owned approximately 5.16% of Bristow Group worth $13,914,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BRS. Mason Street Advisors LLC raised its position in shares of Bristow Group by 7.0% in the first 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 last quarter. Invictus RG acquired a new position in shares of Bristow Group during the first quarter worth about $136,000. Nisa Investment Advisors LLC raised its position in shares of Bristow Group by 959.5% in the first quarter. Nisa Investment Advisors LLC now owns 11,655 shares of the oil and gas company’s stock worth $177,000 after buying an additional 10,555 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Bristow Group by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 13,000 shares of the oil and gas company’s stock worth $198,000 after buying an additional 200 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Bristow Group by 10.9% in the first quarter. Public Employees Retirement System of Ohio now owns 13,950 shares of the oil and gas company’s stock worth $212,000 after buying an additional 1,373 shares during the last quarter.

Shares of Bristow Group Inc (BRS) opened at 7.28 on Thursday. The company’s 50 day moving average is $7.36 and its 200 day moving average is $11.68. 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 $257.18 million.

Bristow Group (NYSE:BRS) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.11) by $0.28. The business had revenue of $352.10 million for the quarter, compared to analyst estimates of $299.93 million. Bristow Group had a negative net margin of 13.32% and a negative return on equity of 6.83%. Bristow Group’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.34) EPS. Analysts anticipate that Bristow Group Inc will post ($3.44) earnings per share for the current year.

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A number of research analysts have issued reports on the stock. Barclays PLC restated a “hold” rating and set a $10.00 target price on shares of Bristow Group in a research report on Friday, August 11th. BidaskClub lowered shares of Bristow Group from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Cowen and Company lowered shares of Bristow Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $14.00 to $7.00 in a research report on Friday, May 26th. Credit Suisse Group restated a “hold” rating and set a $10.00 target price on shares of Bristow Group in a research report on Sunday, May 28th. Finally, Zacks Investment Research upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Bristow Group currently has an average rating of “Hold” and an average target price of $15.00.

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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