Jonathan Baliff Buys 2,500 Shares of Bristow Group Inc (BRS) Stock

Bristow Group Inc (NYSE:BRS) CEO Jonathan Baliff acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, November 14th. The shares were bought at an average cost of $7.21 per share, with a total value of $18,025.00. Following the transaction, the chief executive officer now directly owns 88,452 shares in the company, valued at approximately $637,738.92. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

BRS stock traded down $0.42 during midday trading on Friday, hitting $6.75. The company’s stock had a trading volume of 780,083 shares, compared to its average volume of 676,965. The company has a quick ratio of 1.94, a current ratio of 2.21 and a debt-to-equity ratio of 1.43. Bristow Group Inc has a 52-week low of $6.67 and a 52-week high of $18.91. The stock has a market capitalization of $252.38 million, a PE ratio of -3.17 and a beta of 2.63.

Bristow Group (NYSE:BRS) last issued its quarterly earnings results on Friday, November 9th. The oil and gas company reported ($0.78) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.69) by ($0.09). Bristow Group had a negative net margin of 19.86% and a negative return on equity of 8.16%. The business had revenue of $334.70 million during the quarter, compared to analysts’ expectations of $349.80 million. During the same period in the prior year, the business earned ($0.88) EPS. The business’s quarterly revenue was down 6.5% on a year-over-year basis. Analysts expect that Bristow Group Inc will post -2.8 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Pinebridge Investments L.P. boosted its position in Bristow Group by 9.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 52,933 shares of the oil and gas company’s stock valued at $747,000 after buying an additional 4,562 shares during the period. Arizona State Retirement System raised its holdings in shares of Bristow Group by 10.2% in the 3rd quarter. Arizona State Retirement System now owns 51,882 shares of the oil and gas company’s stock valued at $629,000 after purchasing an additional 4,802 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Bristow Group by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 246,755 shares of the oil and gas company’s stock valued at $3,208,000 after purchasing an additional 5,936 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Bristow Group in the 2nd quarter valued at $106,000. Finally, Northern Trust Corp raised its holdings in shares of Bristow Group by 1.7% in the 2nd quarter. Northern Trust Corp now owns 443,356 shares of the oil and gas company’s stock valued at $6,256,000 after purchasing an additional 7,617 shares in the last quarter.

BRS has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Bristow Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Credit Suisse Group decreased their price target on shares of Bristow Group from $13.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, ValuEngine raised shares of Bristow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 4th.

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Bristow Group Company Profile

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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