Schwab Charles Investment Management Inc. Has $8.96 Million Position in Bristow Group Inc (BRS)

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Schwab Charles Investment Management Inc. raised its position in Bristow Group Inc (NYSE:BRS) by 6.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 689,507 shares of the oil and gas company’s stock after acquiring an additional 41,599 shares during the period. Schwab Charles Investment Management Inc. owned about 1.95% of Bristow Group worth $8,964,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its position in Bristow Group by 1.9% in the 4th quarter. BlackRock Inc. now owns 4,117,403 shares of the oil and gas company’s stock valued at $55,462,000 after buying an additional 75,408 shares during the last quarter. Prudential Financial Inc. raised its stake 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 buying an additional 527,444 shares during the period. Investec Asset Management LTD raised its stake in Bristow Group by 23.5% during the 4th quarter. Investec Asset Management LTD now owns 320,093 shares of the oil and gas company’s stock worth $4,312,000 after buying an additional 61,007 shares during the period. Geode Capital Management LLC raised its stake in shares of Bristow Group by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 264,583 shares of the oil and gas company’s stock valued at $3,562,000 after purchasing an additional 11,179 shares during the period. Finally, Wolverine Asset Management LLC raised its stake in shares of Bristow Group by 1,537.2% in the 4th quarter. Wolverine Asset Management LLC now owns 149,100 shares of the oil and gas company’s stock valued at $2,008,000 after purchasing an additional 139,993 shares during the period.

Shares of Bristow Group opened at $14.10 on Friday, according to MarketBeat.com. The company has a market cap of $476.28 million, a price-to-earnings ratio of -6.62 and a beta of 2.90. Bristow Group Inc has a one year low of $6.36 and a one year 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.

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

Several brokerages have recently weighed in on BRS. ValuEngine upgraded Bristow Group from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research cut Bristow Group from a “buy” rating to a “hold” rating in a report on Thursday, April 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Bristow Group has a consensus rating of “Hold” and an average 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.

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

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