Bristow Group Sees Unusually Large Options Volume (BRS)
Bristow Group Inc (NYSE:BRS) saw unusually large options trading on Thursday. Investors purchased 1,612 call options on the stock. This is an increase of approximately 1,994% compared to the average volume of 77 call options.
BRS has been the subject of a number of analyst reports. Zacks Investment Research upgraded Bristow Group from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Monday, December 11th. Barclays upped their target price on Bristow Group from $10.00 to $16.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 14th. Finally, Cowen set a $7.00 price objective on Bristow Group and gave the company a “hold” rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Bristow Group has a consensus rating of “Hold” and a consensus target price of $15.00.
Shares of Bristow Group (BRS) traded down $0.30 during mid-day trading on Monday, reaching $15.37. The company had a trading volume of 320,794 shares, compared to its average volume of 909,434. The stock has a market cap of $543.57, a price-to-earnings ratio of -2.90 and a beta of 3.09. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.34 and a quick ratio of 1.02. Bristow Group has a one year low of $6.21 and a one year high of $21.00.
In other news, insider Jonathan Baliff acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average price of $14.84 per share, with a total value of $29,680.00. Following the completion of the purchase, the insider now directly owns 69,344 shares in the company, valued at $1,029,064.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in BRS. JPMorgan Chase & Co. grew its position in Bristow Group by 17,519.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 456,341 shares of the oil and gas company’s stock worth $4,303,000 after purchasing an additional 453,751 shares during the period. D.A. Davidson & CO. grew its position in shares of Bristow Group by 109.2% during the 2nd quarter. D.A. Davidson & CO. now owns 520,672 shares of the oil and gas company’s stock valued at $3,983,000 after acquiring an additional 271,810 shares during the period. Investec Asset Management LTD acquired a new stake in shares of Bristow Group during the 3rd quarter valued at about $2,422,000. GSA Capital Partners LLP acquired a new stake in shares of Bristow Group during the 3rd quarter valued at about $2,160,000. Finally, South Dakota Investment Council grew its position in shares of Bristow Group by 93.3% during the 2nd quarter. South Dakota Investment Council now owns 459,936 shares of the oil and gas company’s stock valued at $3,519,000 after acquiring an additional 222,000 shares during the period.
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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