It Seems Bristow Group Incorporated (NYSE:BRS) Will Go Down. Just Reported More Shorted Shares

September 17, 2017 - By Nellie Frank

 It Seems Bristow Group Incorporated (NYSE:BRS) Will Go Down. Just Reported More Shorted Shares

Investors sentiment increased to 0.93 in 2016 Q4. 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.
Ariel Invs Ltd Limited Liability Company holds 2.37% or 9.79M shares. Credit Suisse Ag stated it has 35,844 shares. Wells Fargo And Mn holds 53,967 shares or 0% of its portfolio. Schwab Charles Investment Management stated it has 422,125 shares. Hanseatic Svcs Incorporated reported 45 shares. Morgan Stanley stated it has 1.18 million shares. Spot Trading Limited Co reported 5,722 shares. Goldman Sachs Grp Inc holds 101,102 shares. Mason Street Advsr Ltd Co holds 0% in Bristow Group Inc (NYSE:BRS) or 6,979 shares. Da Davidson & holds 0.11% or 243,452 shares. First Tru Advsrs L P stated it has 46,316 shares or 0% of all its holdings. Ridgeworth Capital Limited Liability Company reported 552,866 shares. 7,773 were accumulated by Employees Retirement Association Of Colorado. Macquarie Group Inc Ltd owns 39,700 shares. Nomura Asset Company Ltd stated it has 1,040 shares.

The stock of Bristow Group Incorporated (NYSE:BRS) registered an increase of 4.98% in short interest. BRS’s total short interest was 13.19M shares in September as published by FINRA. Its up 4.98% from 12.56M shares, reported previously. With 737,800 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 40.03%.

The stock decreased 0.64% or $0.06 on September 15, reaching $9.29. About 1.08 million shares traded or 10.93% up from the average. Bristow Group Inc (NYSE:BRS) has risen 0.93% since September 17, 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 $328.20 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 27 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, December 7 by Suntrust Robinson. Barclays Capital downgraded Bristow Group Inc (NYSE:BRS) rating on Tuesday, November 8. Barclays Capital has “Equal Weight” rating and $16 target. The company was maintained on Monday, November 9 by Oppenheimer. Iberia Capital Partners maintained it with “Outperform” rating and $20 target in Thursday, February 18 report. Oppenheimer initiated Bristow Group Inc (NYSE:BRS) on Tuesday, September 15 with “Outperform” rating. SunTrust initiated the stock with “Neutral” rating in Monday, December 7 report. The firm earned “Hold” rating on Wednesday, August 30 by Cowen & Co. The company was maintained on Tuesday, February 9 by Credit Suisse. The firm earned “Market Perform” rating on Friday, May 26 by Cowen & Co. Cowen & Co maintained the shares of BRS in report on Friday, July 7 with “Hold” rating.

More recent Bristow Group Inc (NYSE:BRS) news were published by: Prnewswire.com which released: “Bristow Group Appoints Timothy Knapp To Senior Vice President General Counsel” on September 05, 2017. Also Nasdaq.com published the news titled: “Bristow Group Inc (BRS) Ex-Dividend Date Scheduled for June 05, 2017” on June 02, 2017. Prnewswire.com‘s news article titled: “Bristow Group Announces Suspension Of Quarterly Dividend” with publication date: August 03, 2017 was also an interesting one.

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