Bristow Group (BRS) Hits New 52-Week High and Low at $18.91

Shares of Bristow Group Inc (NYSE:BRS) reached a new 52-week high and low on Thursday . The company traded as low as $18.91 and last traded at $18.79, with a volume of 30104 shares traded. The stock had previously closed at $18.24.

BRS has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Bristow Group from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, April 17th. ValuEngine upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Credit Suisse Group increased their price target on shares of Bristow Group from $8.00 to $14.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $13.50.

The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 0.88.

In related news, CEO Jonathan Baliff purchased 3,900 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were bought at an average cost of $12.97 per share, for a total transaction of $50,583.00. Following the completion of the purchase, the chief executive officer now directly owns 73,244 shares of the company’s stock, valued at approximately $949,974.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider L. Don Miller purchased 2,000 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was bought at an average price of $12.58 per share, for a total transaction of $25,160.00. Following the completion of the purchase, the insider now directly owns 14,199 shares of the company’s stock, valued at $178,623.42. The disclosure for this purchase can be found here. Corporate insiders own 10.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Bristow Group in the fourth quarter valued at approximately $146,000. Investors Research Corp acquired a new stake in shares of Bristow Group in the fourth quarter valued at approximately $193,000. Quadrature Capital Ltd acquired a new stake in shares of Bristow Group in the first quarter valued at approximately $220,000. MetLife Investment Advisors LLC acquired a new stake in shares of Bristow Group in the fourth quarter valued at approximately $230,000. Finally, Element Capital Management LLC acquired a new stake in shares of Bristow Group in the first quarter valued at approximately $273,000.

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 transportation 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.

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