Bristow Group Inc (BRS) Position Increased by California Public Employees Retirement System

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California Public Employees Retirement System grew its stake in Bristow Group Inc (NYSE:BRS) by 15.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,444 shares of the oil and gas company’s stock after acquiring an additional 15,370 shares during the period. California Public Employees Retirement System owned 0.32% of Bristow Group worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Arizona State Retirement System grew its stake in Bristow Group by 6.3% in the 4th quarter. Arizona State Retirement System now owns 55,129 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 3,247 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in Bristow Group by 50.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 25,658 shares of the oil and gas company’s stock worth $311,000 after acquiring an additional 8,614 shares in the last quarter. Bank of Montreal Can grew its stake in Bristow Group by 31.0% in the 4th quarter. Bank of Montreal Can now owns 52,690 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 12,474 shares in the last quarter. Legal & General Group Plc grew its stake in Bristow Group by 20.0% in the 3rd quarter. Legal & General Group Plc now owns 75,364 shares of the oil and gas company’s stock worth $913,000 after acquiring an additional 12,548 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in Bristow Group by 90.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 26,496 shares of the oil and gas company’s stock worth $64,000 after acquiring an additional 12,610 shares in the last quarter.

Shares of BRS stock opened at $1.26 on Thursday. 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 stock has a market capitalization of $44.75 million, a price-to-earnings ratio of -0.59 and a beta of 2.72. Bristow Group Inc has a one year low of $0.96 and a one year high of $18.91.

Bristow Group (NYSE:BRS) last released its quarterly earnings data on Monday, February 11th. The oil and gas company reported ($0.57) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.59) by $0.02. Bristow Group had a negative net margin of 25.79% and a negative return on equity of 8.62%. The firm had revenue of $331.33 million for the quarter, compared to the consensus estimate of $352.70 million. During the same period last year, the firm earned ($0.52) earnings per share. On average, equities analysts forecast that Bristow Group Inc will post -4 EPS for the current fiscal year.

BRS has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Bristow Group from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th.

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About Bristow Group

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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