Skytop Capital Management adds Bristow Group Inc (BRS) to its portfolio

Bristow Group Inc (BRS) : Skytop Capital Management added new position in Bristow Group Inc during the most recent quarter end. The investment management firm now holds 125,000 shares of Bristow Group Inc which is valued at $1,692,500 , the company said in a statement filed on Nov 14, 2016 with the SEC.Bristow Group Inc makes up approximately 1.49% of Skytop Capital Management’s portfolio.

Other Hedge Funds, Including , Cushing Asset Management Lp sold out all of its stake in BRS during the most recent quarter. The investment firm sold 61,905 shares of BRS which is valued $838,194. Profund Advisors sold out all of its stake in BRS during the most recent quarter. The investment firm sold 14,737 shares of BRS which is valued $188,191.Advisors Asset Management reduced its stake in BRS by selling 745 shares or 7.05% in the most recent quarter. The Hedge Fund company now holds 9,824 shares of BRS which is valued at $98,731.Great West Life Assurance Co Can reduced its stake in BRS by selling 1,467 shares or 3.25% in the most recent quarter. The Hedge Fund company now holds 43,672 shares of BRS which is valued at $444,144.

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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