Central Square Management buys $3,357,920 stake in Bristow Group Inc (BRS)

Bristow Group Inc (BRS) : Central Square Management scooped up 146,906 additional shares in Bristow Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 248,000 shares of Bristow Group Inc which is valued at $3,357,920.Bristow Group Inc makes up approximately 7.27% of Central Square Management’s portfolio.

Other Hedge Funds, Including , Fmr reduced its stake in BRS by selling 177,500 shares or 50.1% in the most recent quarter. The Hedge Fund company now holds 176,800 shares of BRS which is valued at $2,393,872.Blackrock Fund Advisors boosted its stake in BRS in the latest quarter, The investment management firm added 28,826 additional shares and now holds a total of 2,520,134 shares of Bristow Group Inc which is valued at $30,418,017. Bristow Group Inc makes up approx 0.01% of Blackrock Fund Advisors’s portfolio. Tci Wealth Advisors sold out all of its stake in BRS during the most recent quarter. The investment firm sold 34 shares of BRS which is valued $342.

Bristow Group Inc opened for trading at $13.71 and hit $13.96 on the upside on Monday, eventually ending the session at $13.85, with a gain of 1.61% or 0.22 points. The heightened volatility saw the trading volume jump to 4,01,532 shares. Company has a market cap of $486 M.

On the company’s financial health, Bristow Group Inc reported $-0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.52. The company had revenue of $343.70 million for the quarter, compared to analysts expectations of $375.54 million. The company’s revenue was down -18.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 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. 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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