Dimensional Fund Advisors LP boosted its holdings in shares of Bristow Group Inc (NYSE:BRS) by 14.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,540,142 shares of the oil and gas company’s stock after buying an additional 315,302 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of Bristow Group worth $33,022,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Arizona State Retirement System increased its stake in Bristow Group by 224.0% in the 4th quarter. Arizona State Retirement System now owns 54,089 shares of the oil and gas company’s stock worth $729,000 after acquiring an additional 37,396 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Bristow Group in the 4th quarter worth approximately $146,000. Rhumbline Advisers increased its stake in Bristow Group by 10.2% in the 4th quarter. Rhumbline Advisers now owns 76,991 shares of the oil and gas company’s stock worth $1,037,000 after acquiring an additional 7,137 shares during the last quarter. BlackRock Inc. increased its stake in Bristow Group by 1.9% in the 4th quarter. BlackRock Inc. now owns 4,117,403 shares of the oil and gas company’s stock worth $55,462,000 after acquiring an additional 75,408 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Bristow Group by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 264,583 shares of the oil and gas company’s stock worth $3,562,000 after acquiring an additional 11,179 shares during the last quarter.
A number of research firms have issued reports on BRS. Zacks Investment Research raised Bristow Group from a “sell” rating to a “hold” rating in a research note on Monday, April 30th. ValuEngine raised Bristow Group from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $13.50.
NYSE:BRS opened at $13.92 on Friday. The company has a market capitalization of $491.42 million, a price-to-earnings ratio of -6.54 and a beta of 2.94. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.94 and a current ratio of 2.30. Bristow Group Inc has a 1 year low of $6.36 and a 1 year high of $18.91.
Bristow Group (NYSE:BRS) last released its earnings results on Wednesday, May 23rd. The oil and gas company reported ($0.48) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.66) by $0.18. The firm had revenue of $341.20 million for the quarter, compared to the consensus estimate of $352.63 million. Bristow Group had a negative return on equity of 6.20% and a negative net margin of 13.53%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.15) EPS. equities analysts expect that Bristow Group Inc will post -1.95 earnings per share for the current fiscal year.
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 charter 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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