Are The Smart Money Right To Side With Bristow Group Inc. (BRS)?

Bristow Group Inc. (NYSE:BRS) reached 49.48% versus a 1-year low price of $1.94. The stock was last seen 7.01% higher, reaching at $2.9 on 02/08/2019. At recent session, the prices were hovering between $2.71 and $3.11. This company shares are 197.59% off its target price of $8.63 and the current market capitalization stands at $103.73M. The recent change has given its price a -10.09% deficit over SMA 50 and -84.66% deficit over its 52-week high. The stock witnessed -9.38% declines, -72.69% declines and -75.44% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BRS’s volatility during a week at 11.21% and during a month it has been found around 12.84%.

Bristow Group Inc. (BRS) Top Holders

Institutional investors currently hold around $117 million or 0% in BRS stock. Look at its top three institutional owners. Ariel Investments, Llc owns $23.74 million in Bristow Group Inc., which represents roughly 22.89% of the company’s market cap and approximately 20.29% of the institutional ownership. Similar statistics are true for the second largest owner, Mackenzie Financial Corp, which owns 6,561,746 shares of the stock are valued at $19.03 million. The third largest holder is Blackrock Inc., which currently holds $14.83 million worth of this stock and that ownership represents nearly 14.29% of its market capitalization.

Bristow Group Inc. 13F Filings

At the end of September reporting period, 67 institutional holders increased their position in Bristow Group Inc. (NYSE:BRS) by some 7,751,040 shares, 62 decreased positions by 5,353,427 and 24 held positions by 27,346,713. That puts total institutional holdings at 40,451,180 shares, according to SEC filings. The stock grabbed 15 new institutional investments totaling 796,987 shares while 22 institutional investors sold out their entire positions totaling 2,777,484 shares.

Bristow Group Inc. (NYSE:BRS) Insider Trades

Multiple company employees have indulged in significant insider trading. Bristow Group Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Baliff Jonathan has acquired 1,250 shares of Bristow Group Inc. (BRS) in trading session dated Nov. 19, 2018. These shares are worth $8,525 and were traded at $6.82 each. The SEC filing shows that Baliff Jonathan performed a purchase of 2,500 shares. The CEO added these shares by way of transaction on Nov. 14, 2018. The company’s shares were assimilated at $7.21 per share worth to an investment of some $18,025 on account of Baliff Jonathan.

, Miller L. Don, purchased 2,000 common shares of Bristow Group Inc. (BRS) in the open market. In a transaction dated Mar. 15, 2018, the shares were bought at an average price of $12.58, giving away a sum of $25,160. After this purchase, 14,199 common shares of BRS are directly owned by the insider, with total stake valued at $41,177.

In the transaction dated Mar. 15, 2018, the great number of shares acquired came courtesy the President and CEO; Baliff Jonathan added a total of 3,900 shares at an average price of $12.97, amounting to approximately $50,583. The insider now directly owns 73,244 shares worth $212,408.

Bristow Group Inc. (BRS) Analyst Guide

Several analysts have released their opinion on Bristow Group Inc. (NYSE:BRS), with 0 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.75 average brokerage recommendation.