Time to Reconsider Bristow Group Incorporated (NYSE:BRS) After More Short Sellers?

June 19, 2017 - By Vivian Park

 Time to Reconsider Bristow Group Incorporated (NYSE:BRS) After More Short Sellers?

Investors sentiment increased to 0.93 in Q4 2016. Its up 0.07, from 0.86 in 2016Q3. It is positive, as 28 investors sold Bristow Group Inc shares while 43 reduced holdings. 27 funds opened positions while 39 raised stakes. 37.53 million shares or 9.83% less from 41.62 million shares in 2016Q3 were reported.
376,183 were accumulated by Loomis Sayles Communications L P. State Board Of Administration Of Florida Retirement Sys stated it has 0% of its portfolio in Bristow Group Inc (NYSE:BRS). Los Angeles Cap Mgmt And Equity owns 64,761 shares. Fmr Ltd holds 0% or 455,300 shares. Manufacturers Life Co The reported 0% stake. Dupont Cap Management Corporation has invested 0.02% in Bristow Group Inc (NYSE:BRS). Geode Cap Management Ltd Limited Liability Company stated it has 0% in Bristow Group Inc (NYSE:BRS). Northern Tru holds 432,339 shares. Nomura Asset owns 1,040 shares or 0% of their US portfolio. Engy Opportunities Limited Com has invested 0.52% of its portfolio in Bristow Group Inc (NYSE:BRS). Texas Permanent School Fund invested in 23,293 shares. Price T Rowe Md has invested 0% in Bristow Group Inc (NYSE:BRS). 38,751 were accumulated by Suntrust Banks. Paloma Prtnrs Mgmt reported 10,668 shares. Blackrock Investment Llc owns 188,557 shares or 0% of their US portfolio.

Since February 10, 2017, it had 1 buy, and 0 selling transactions for $24,771 activity. Baliff Jonathan also bought $24,771 worth of Bristow Group Inc (NYSE:BRS) shares.

The stock of Bristow Group Incorporated (NYSE:BRS) registered an increase of 21.26% in short interest. BRS’s total short interest was 8.48M shares in June as published by FINRA. Its up 21.26% from 6.99M shares, reported previously. With 484,100 shares average volume, it will take short sellers 18 days to cover their BRS’s short positions. The short interest to Bristow Group Incorporated’s float is 25.72%.

About 114,457 shares traded. Bristow Group Inc (NYSE:BRS) has risen 0.93% since June 19, 2016 and is uptrending. It has underperformed by 15.77% the S&P500.

Bristow Group Inc. is an industrial aviation services well-known provider and helicopter service well-known provider to the offshore energy industry. The company has market cap of $257.53 million. The Industrial Aviation Services segment’s activities are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. It currently has negative earnings. The Europe Caspian region consists of all its activities and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan.

Bristow Group Inc (NYSE:BRS) Ratings Coverage

Among 8 analysts covering Bristow Group (NYSE:BRS), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Bristow Group had 25 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Bristow Group Inc (NYSE:BRS) has “Outperform” rating given on Tuesday, September 15 by Oppenheimer. Credit Suisse maintained Bristow Group Inc (NYSE:BRS) on Tuesday, February 9 with “Neutral” rating. Suntrust Robinson initiated Bristow Group Inc (NYSE:BRS) rating on Monday, December 7. Suntrust Robinson has “Neutral” rating and $29 target. The company was maintained on Thursday, October 1 by Oppenheimer. The rating was maintained by Cowen & Co with “Outperform” on Tuesday, February 16. The stock of Bristow Group Inc (NYSE:BRS) has “Equal Weight” rating given on Tuesday, November 8 by Barclays Capital. William Blair downgraded the shares of BRS in report on Friday, December 18 to “Market Perform” rating. The stock of Bristow Group Inc (NYSE:BRS) earned “Outperform” rating by Oppenheimer on Monday, November 9. On Friday, August 7 the stock rating was maintained by Credit Suisse with “Neutral”. Barclays Capital upgraded Bristow Group Inc (NYSE:BRS) on Monday, June 6 to “Overweight” rating.

More notable recent Bristow Group Inc (NYSE:BRS) news were published by: Seekingalpha.com which released: “Bristow downgraded at Cowen on reduced cash flow outlook” on May 26, 2017, also Streetinsider.com with their article: “Bristow Group (BRS) Announces Strategic and Leadership Changes” published on June 08, 2017, Nasdaq.com published: “Bristow Group Inc (BRS) Ex-Dividend Date Scheduled for June 05, 2017” on June 02, 2017. More interesting news about Bristow Group Inc (NYSE:BRS) were released by: Fool.com and their article: “Why Dycom Industries, Chico’s FAS, and Bristow Group Slumped Today” published on May 24, 2017 as well as Nasdaq.com‘s news article titled: “Bristow Group Inc. (BRS) Has Fallen To A 6-Month Low After Q4 Loss” with publication date: May 24, 2017.

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