A.R.T. Advisors LLC purchased a new stake in Bristow Group Inc (NYSE:BRS) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 48,609 shares of the oil and gas company’s stock, valued at approximately $631,000. A.R.T. Advisors LLC owned 0.14% of Bristow Group as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Bristow Group by 1.9% during 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 period. Dimensional Fund Advisors LP boosted its position in Bristow Group by 14.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,540,142 shares of the oil and gas company’s stock worth $33,022,000 after acquiring an additional 315,302 shares during the period. Carmignac Gestion boosted its position in Bristow Group by 9.5% during the 1st quarter. Carmignac Gestion now owns 1,150,000 shares of the oil and gas company’s stock worth $14,950,000 after acquiring an additional 100,000 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Bristow Group by 6.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 689,507 shares of the oil and gas company’s stock worth $8,964,000 after acquiring an additional 41,599 shares during the period. Finally, Prudential Financial Inc. boosted its position in Bristow Group by 661.4% during the 1st quarter. Prudential Financial Inc. now owns 607,187 shares of the oil and gas company’s stock worth $7,894,000 after acquiring an additional 527,444 shares during the period.

BRS opened at $14.11 on Friday. Bristow Group Inc has a fifty-two week low of $6.36 and a fifty-two week high of $18.91. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.30 and a quick ratio of 1.94. The stock has a market cap of $508.58 million, a PE ratio of -6.62 and a beta of 2.90.

Bristow Group (NYSE:BRS) last posted its quarterly earnings results on Wednesday, May 23rd. The oil and gas company reported ($0.48) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.66) by $0.18. Bristow Group had a negative return on equity of 6.20% and a negative net margin of 13.53%. The company had revenue of $341.20 million during the quarter, compared to the consensus estimate of $352.63 million. During the same period last year, the business earned ($1.15) EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. research analysts forecast that Bristow Group Inc will post -1.95 EPS for the current fiscal year.

A number of equities research analysts have commented on BRS shares. Zacks Investment Research upgraded Bristow Group from a “sell” rating to a “hold” rating in a research report on Monday, April 30th. ValuEngine upgraded Bristow Group from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Bristow Group presently has an average rating of “Hold” and a consensus price target of $13.50.

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 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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Institutional Ownership by Quarter for Bristow Group (NYSE:BRS)

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