259,086 Shares in Bristow Group Inc (BRS) Acquired by Investec Asset Management LTD
Investec Asset Management LTD bought a new stake in Bristow Group Inc (NYSE:BRS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 259,086 shares of the oil and gas company’s stock, valued at approximately $2,422,000. Investec Asset Management LTD owned approximately 0.73% of Bristow Group at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its position in shares of Bristow Group by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the oil and gas company’s stock valued at $100,000 after acquiring an additional 100 shares in the last quarter. Winslow Asset Management Inc. lifted its position in shares of Bristow Group by 7.4% in the second quarter. Winslow Asset Management Inc. now owns 13,075 shares of the oil and gas company’s stock valued at $100,000 after acquiring an additional 900 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Bristow Group by 87.9% in the second quarter. BNP Paribas Arbitrage SA now owns 14,117 shares of the oil and gas company’s stock valued at $108,000 after acquiring an additional 6,604 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Bristow Group by 4.5% in the second quarter. Public Employees Retirement System of Ohio now owns 14,584 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 634 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of Bristow Group in the second quarter valued at approximately $126,000.
Bristow Group Inc (NYSE BRS) opened at $14.67 on Friday. Bristow Group Inc has a 1 year low of $6.21 and a 1 year high of $21.88. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.34 and a quick ratio of 1.02.
Several equities analysts have recently weighed in on BRS shares. Barclays raised their target price on Bristow Group from $10.00 to $16.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 14th. BidaskClub upgraded Bristow Group from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Zacks Investment Research downgraded Bristow Group from a “buy” rating to a “sell” rating in a research report on Tuesday, October 31st. ValuEngine upgraded Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Cowen set a $7.00 price objective on Bristow Group and gave the stock a “hold” rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $13.80.
In related news, insider Jonathan Baliff acquired 2,000 shares of Bristow Group stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average price of $14.84 per share, for a total transaction of $29,680.00. Following the completion of the transaction, the insider now owns 69,344 shares in the company, valued at approximately $1,029,064.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.00% of the company’s stock.
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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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