State of Tennessee Treasury Department Has $247,000 Holdings in Bristow Group Inc (BRS)
State of Tennessee Treasury Department held its position in Bristow Group Inc (NYSE:BRS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,325 shares of the oil and gas company’s stock at the close of the second quarter. State of Tennessee Treasury Department owned approximately 0.09% of Bristow Group worth $247,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in BRS. Boston Partners lifted its holdings in shares of Bristow Group by 112.2% in the second quarter. Boston Partners now owns 1,818,857 shares of the oil and gas company’s stock valued at $13,914,000 after purchasing an additional 961,730 shares in the last quarter. Mackenzie Financial Corp bought a new stake in Bristow Group during the first quarter worth $6,242,000. State Street Corp grew its holdings in Bristow Group by 29.6% during the first quarter. State Street Corp now owns 1,419,712 shares of the oil and gas company’s stock worth $21,594,000 after buying an additional 324,214 shares in the last quarter. Morgan Stanley grew its holdings in Bristow Group by 15.5% during the first quarter. Morgan Stanley now owns 1,358,943 shares of the oil and gas company’s stock worth $20,669,000 after buying an additional 182,319 shares in the last quarter. Finally, ING Groep NV grew its holdings in Bristow Group by 100.0% during the second quarter. ING Groep NV now owns 320,000 shares of the oil and gas company’s stock worth $2,448,000 after buying an additional 160,000 shares in the last quarter.
Bristow Group Inc (NYSE BRS) opened at 9.51 on Wednesday. Bristow Group Inc has a 52 week low of $6.21 and a 52 week high of $21.88. The stock’s market cap is $335.96 million. The stock has a 50 day moving average price of $8.89 and a 200-day moving average price of $9.90.
Bristow Group (NYSE:BRS) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.11) by $0.28. The company had revenue of $352.10 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.34) EPS. On average, equities analysts anticipate that Bristow Group Inc will post ($3.42) EPS for the current fiscal year.
A number of equities research analysts recently commented on the company. Barclays PLC reissued a “hold” rating and issued a $10.00 price target on shares of Bristow Group in a research report on Friday, August 11th. BidaskClub raised shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Zacks Investment Research downgraded shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, ValuEngine upgraded shares of Bristow Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Bristow Group has an average rating of “Hold” and a consensus price target of $12.60.
In other news, insider Jonathan Baliff acquired 6,500 shares of Bristow Group 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 purchase, the insider now owns 67,344 shares in the company, valued at $518,548.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by company insiders.
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About Bristow Group
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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