Swiss National Bank continued to hold its position in Bristow Group Inc. (NYSE:BRS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,000 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.17% of Bristow Group worth $662,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Whittier Trust Co. boosted its position in Bristow Group by 1.2% in the second quarter. Whittier Trust Co. now owns 15,349 shares of the company’s stock worth $175,000 after buying an additional 186 shares during the last quarter. Magnetar Financial LLC boosted its position in Bristow Group by 7.9% in the first quarter. Magnetar Financial LLC now owns 15,092 shares of the company’s stock worth $286,000 after buying an additional 1,099 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Bristow Group by 65.2% in the second quarter. BNP Paribas Arbitrage SA now owns 16,297 shares of the company’s stock worth $186,000 after buying an additional 6,432 shares during the last quarter. Ngam Advisors L.P. boosted its position in Bristow Group by 7.8% in the first quarter. Ngam Advisors L.P. now owns 93,813 shares of the company’s stock worth $1,775,000 after buying an additional 6,777 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in Bristow Group by 1.2% in the first quarter. Loomis Sayles & Co. L P now owns 799,014 shares of the company’s stock worth $15,117,000 after buying an additional 9,369 shares during the last quarter.
Bristow Group Inc. (NYSE:BRS) traded down 3.4161% during midday trading on Wednesday, reaching $12.4883. The company had a trading volume of 350,902 shares. The stock’s market capitalization is $437.88 million. The company has a 50-day moving average of $12.33 and a 200-day moving average of $14.49. Bristow Group Inc. has a 12-month low of $9.17 and a 12-month high of $37.19.
Bristow Group (NYSE:BRS) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.21. Bristow Group had a positive return on equity of 1.16% and a negative net margin of 6.50%. The business earned $356.10 million during the quarter, compared to analysts’ expectations of $383.79 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s quarterly revenue was down 20.9% compared to the same quarter last year. On average, analysts predict that Bristow Group Inc. will post ($1.76) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 2.17%. Bristow Group’s payout ratio is -9.30%.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Bristow Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Capital One Financial Corp. cut Bristow Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 16th. Credit Suisse Group AG reiterated a “hold” rating and issued a $15.00 target price on shares of Bristow Group in a report on Wednesday, June 29th. Finally, Cowen and Company cut their target price on Bristow Group from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, September 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.44.
In other news, insider Jonathan Baliff acquired 8,200 shares of Bristow Group stock in a transaction on Monday, August 15th. The shares were bought at an average cost of $12.12 per share, for a total transaction of $99,384.00. Following the acquisition, the insider now directly owns 50,998 shares of the company’s stock, valued at approximately $618,095.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chet Akiri acquired 5,565 shares of Bristow Group stock in a transaction on Monday, August 29th. The shares were purchased at an average price of $11.62 per share, for a total transaction of $64,665.30. Following the completion of the acquisition, the insider now directly owns 5,565 shares in the company, valued at $64,665.30. The disclosure for this purchase can be found here. 9.60% of the stock is owned by insiders.
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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