Bristow Group Inc (BRS) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its stake in Bristow Group Inc (NYSE:BRS) by 14.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 483,993 shares of the oil and gas company’s stock after buying an additional 61,868 shares during the period. Schwab Charles Investment Management Inc. owned 1.38% of Bristow Group worth $7,362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mason Street Advisors LLC boosted its stake in Bristow Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 7,468 shares of the oil and gas company’s stock valued at $114,000 after buying an additional 489 shares in the last quarter. Invictus RG purchased a new stake in Bristow Group during the first quarter valued at about $136,000. Nisa Investment Advisors LLC boosted its stake in Bristow Group by 959.5% in the first quarter. Nisa Investment Advisors LLC now owns 11,655 shares of the oil and gas company’s stock valued at $177,000 after buying an additional 10,555 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Bristow Group by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 13,000 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 200 shares in the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in Bristow Group during the first quarter valued at about $221,000.

Bristow Group Inc (NYSE:BRS) opened at 7.71 on Friday. The company’s 50 day moving average is $7.38 and its 200 day moving average is $11.58. The company’s market cap is $272.37 million. Bristow Group Inc has a 12-month low of $6.21 and a 12-month high of $21.88.

Bristow Group (NYSE:BRS) last announced its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.11) by $0.28. Bristow Group had a negative net margin of 13.32% and a negative return on equity of 6.83%. The business had revenue of $352.10 million for the quarter, compared to the consensus estimate of $299.93 million. During the same quarter in the prior year, the firm posted ($0.34) earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts forecast that Bristow Group Inc will post ($3.44) earnings per share for the current fiscal year.

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Several analysts have issued reports on the stock. BidaskClub cut shares of Bristow Group from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. ValuEngine upgraded shares of Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 20th. Barclays PLC set a $13.00 price objective on shares of Bristow Group and gave the company a “hold” rating in a research report on Friday, May 26th. Finally, Credit Suisse Group restated a “hold” rating and set a $10.00 price objective on shares of Bristow Group in a research report on Sunday, May 28th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $15.00.

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.

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

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