Central Square Management adds Bristow Group Inc (BRS) to its portfolio

Bristow Group Inc (BRS) : Central Square Management added new position in Bristow Group Inc during the most recent quarter end. The investment management firm now holds 101,094 shares of Bristow Group Inc which is valued at $1,187,855 , the company said in a statement filed on Aug 15, 2016 with the SEC.Bristow Group Inc makes up approximately 2.45% of Central Square Management’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. boosted its stake in BRS in the latest quarter, The investment management firm added 43,000 additional shares and now holds a total of 64,900 shares of Bristow Group Inc which is valued at $762,575. Bristow Group Inc makes up approx 0.01% of Connor Clark Lunn Investment Management Ltd.’s portfolio.Blackrock Group Ltd boosted its stake in BRS in the latest quarter, The investment management firm added 2,291 additional shares and now holds a total of 45,424 shares of Bristow Group Inc which is valued at $533,732. Advisors Asset Management added BRS to its portfolio by purchasing 10,569 company shares during the most recent quarter which is valued at $123,657.California State Teachers Retirement System reduced its stake in BRS by selling 3,371 shares or 4.57% in the most recent quarter. The Hedge Fund company now holds 70,469 shares of BRS which is valued at $719,488. Fox Run Management L.l.c. added BRS to its portfolio by purchasing 27,400 company shares during the most recent quarter which is valued at $369,900. Bristow Group Inc makes up approx 0.17% of Fox Run Management L.l.c.’s portfolio.

Bristow Group Inc closed down -0.67 points or -5.87% at $10.74 with 13,78,251 shares getting traded on Thursday. Post opening the session at $11.29, the shares hit an intraday low of $10.43 and an intraday high of $11.42 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Bristow Group Inc reported $-0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.19. The company had revenue of $369.40 million for the quarter, compared to analysts expectations of $394.00 million. The company’s revenue was down -20.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on Bristow Group Inc. Shares were Reiterated by Cowen on Sep 1, 2016 to “Outperform” and Lowered the Price Target to $ 14 from a previous price target of $18 .Bristow Group Inc was Downgraded by CapitalOne to ” Equal Weight” on Aug 16, 2016. Shares were Upgraded by Barclays on Jun 6, 2016 to ” Overweight” and Lowered the Price Target to $ 20 from a previous price target of $22 .

Bristow Group Inc. is a provider of helicopter services to the offshore energy industry with global operations. The Company has transportation operations in the North Sea Nigeria and the United States Gulf of Mexico and in most of the other offshore energy producing regions of the world including Australia Brazil Canada Russia and Trinidad. It provides private sector search and rescue (SAR) services in Australia Canada Norway Russia and Trinidad and provides public sector SAR services in North Scotland on behalf of the Maritime & Coastguard Agency. It conducts its business in the Helicopter Services segment. Its Helicopter Services segment operations are conducted primarily through five business units: Europe West Africa North America Australia and Other International. It provides helicopter services to a base of integrated national and independent offshore energy companies. It also operates a training business unit Bristow Academy and provides technical services.

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