Published On: Tue, Sep 20th, 2016

Insider Buying: Bristow Group Inc. (BRS) Director Buys 2,200 Shares of Stock

Bristow Group Inc. (NYSE:BRS) Director Ian Godden purchased 2,200 shares of the stock in a transaction dated Friday, September 16th. The stock was purchased at an average cost of $11.19 per share, for a total transaction of $24,618.00. Following the completion of the purchase, the director now directly owns 28,673 shares of the company’s stock, valued at $320,850.87. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Bristow Group Inc. (NYSE:BRS) opened at 12.14 on Tuesday. Bristow Group Inc. has a 52-week low of $9.17 and a 52-week high of $37.19. The stock’s market cap is $425.66 million. The firm has a 50-day moving average price of $11.48 and a 200-day moving average price of $15.11.
Bristow Group (NYSE:BRS) last issued its earnings results on Thursday, August 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.21. The business had revenue of $356.10 million for the quarter, compared to analysts’ expectations of $383.79 million. Bristow Group had a positive return on equity of 1.16% and a negative net margin of 6.50%. The business’s quarterly revenue was down 20.9% on a year-over-year basis. During the same period last year, the company posted $0.56 earnings per share. On average, analysts anticipate that Bristow Group Inc. will post ($1.76) EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Tuesday, August 30th. Bristow Group’s dividend payout ratio is currently -9.30%.
A number of brokerages recently commented on BRS. Credit Suisse Group AG reiterated a “hold” rating and set a $15.00 price objective on shares of Bristow Group in a research report on Wednesday, June 29th. Barclays PLC upgraded Bristow Group from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $22.00 to $20.00 in a research report on Monday, June 6th. Cowen and Company reduced their price objective on Bristow Group from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, September 1st. Zacks Investment Research upgraded Bristow Group from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Tuesday, August 2nd. Finally, Capital One Financial Corp. downgraded Bristow Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Bristow Group has a consensus rating of “Hold” and an average target price of $22.20.
Several large investors have recently added to or reduced their stakes in BRS. First Manhattan Co. boosted its stake in Bristow Group by 4,583.4% in the first quarter. First Manhattan Co. now owns 42,151 shares of the company’s stock worth $797,000 after buying an additional 41,251 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Bristow Group during the first quarter worth $931,000. Ngam Advisors L.P. boosted its stake in Bristow Group by 7.8% in the first quarter. Ngam Advisors L.P. now owns 93,813 shares of the company’s stock worth $1,775,000 after buying an additional 6,777 shares in the last quarter. Prudential Financial Inc. boosted its stake in Bristow Group by 171.8% in the first quarter. Prudential Financial Inc. now owns 1,159,606 shares of the company’s stock worth $21,940,000 after buying an additional 733,000 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Bristow Group by 1.4% in the first quarter. BlackRock Fund Advisors now owns 2,368,139 shares of the company’s stock worth $44,805,000 after buying an additional 32,136 shares in the last quarter.
About Bristow Group
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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