Prudential Financial Inc. Has $1.75 Million Position in Bristow Group Inc (BRS)

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Prudential Financial Inc. cut its position in shares of Bristow Group Inc (NYSE:BRS) by 75.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 144,413 shares of the oil and gas company’s stock after selling 455,164 shares during the quarter. Prudential Financial Inc. owned approximately 0.40% of Bristow Group worth $1,752,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BRS. Alpine Woods Capital Investors LLC purchased a new position in Bristow Group in the second quarter valued at about $111,000. Trexquant Investment LP purchased a new position in Bristow Group in the second quarter valued at about $206,000. SG Americas Securities LLC purchased a new stake in shares of Bristow Group during the 2nd quarter valued at approximately $292,000. USA Financial Portformulas Corp purchased a new stake in shares of Bristow Group during the 3rd quarter valued at approximately $298,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Bristow Group during the 3rd quarter valued at approximately $534,000.

Bristow Group stock opened at $2.54 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.85 and a current ratio of 2.21. The company has a market cap of $97.37 million, a P/E ratio of -1.19 and a beta of 2.50. Bristow Group Inc has a 1-year low of $2.54 and a 1-year high of $18.91.

Bristow Group (NYSE:BRS) last posted its earnings results on Friday, November 9th. The oil and gas company reported ($0.78) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.69) by ($0.09). The firm had revenue of $334.70 million for the quarter, compared to the consensus estimate of $349.80 million. Bristow Group had a negative return on equity of 8.16% and a negative net margin of 19.86%. The business’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the company posted ($0.88) EPS. Research analysts expect that Bristow Group Inc will post -2.8 EPS for the current year.

BRS has been the topic of a number of recent research reports. Credit Suisse Group dropped their price target on shares of Bristow Group from $13.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, November 14th. ValuEngine raised shares of Bristow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 4th. Finally, Zacks Investment Research raised shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd.

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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 charter 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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