Bristow Group Inc (NYSE:BRS) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in shares of Bristow Group Inc (NYSE:BRS) by 39.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,838 shares of the oil and gas company’s stock after buying an additional 49,439 shares during the period. Wells Fargo & Company MN owned 0.50% of Bristow Group worth $1,645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in BRS. Schwab Charles Investment Management Inc. raised its holdings in Bristow Group by 13.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 549,184 shares of the oil and gas company’s stock worth $4,202,000 after purchasing an additional 65,191 shares in the last quarter. SG Americas Securities LLC bought a new stake in Bristow Group during the second quarter worth approximately $130,000. Bank of New York Mellon Corp raised its holdings in Bristow Group by 1.0% during the second quarter. Bank of New York Mellon Corp now owns 526,856 shares of the oil and gas company’s stock worth $4,031,000 after purchasing an additional 5,190 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Bristow Group by 87.9% during the second quarter. BNP Paribas Arbitrage SA now owns 14,117 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 6,604 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in Bristow Group by 7.0% during the second quarter. Prudential Financial Inc. now owns 80,853 shares of the oil and gas company’s stock worth $618,000 after purchasing an additional 5,270 shares in the last quarter.

Bristow Group Inc (NYSE BRS) traded down $0.11 during midday trading on Friday, hitting $14.13. The company’s stock had a trading volume of 1,263,821 shares, compared to its average volume of 592,006. The company has a market capitalization of $499.88, a PE ratio of -2.88 and a beta of 3.15. Bristow Group Inc has a 52 week low of $6.21 and a 52 week high of $18.27. 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 (NYSE:BRS) last posted its quarterly earnings results on Thursday, February 8th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.65) by $0.13. Bristow Group had a negative return on equity of 7.08% and a negative net margin of 13.31%. The company had revenue of $345.53 million for the quarter, compared to analysts’ expectations of $354.10 million. During the same quarter in the prior year, the company earned ($0.29) earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. sell-side analysts predict that Bristow Group Inc will post -3.34 earnings per share for the current year.

In related news, insider Jonathan Baliff purchased 2,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were acquired at an average cost of $14.84 per share, for a total transaction of $29,680.00. Following the acquisition, the insider now directly owns 69,344 shares in the company, valued at approximately $1,029,064.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.00% of the company’s stock.

Several equities research analysts recently commented on the company. Zacks Investment Research cut Bristow Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Barclays boosted 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. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $12.25.

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Bristow Group 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.

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

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