Short Interest Runner: What’s Next for Bristow Group Incorporated (NYSE:BRS) After Having More Shares Shorted?

November 28, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Runner: What's Next for Bristow Group Incorporated (NYSE:BRS) After Having More Shares Shorted?

The stock of Bristow Group Incorporated (NYSE:BRS) registered an increase of 7.07% in short interest. BRS’s total short interest was 8.03M shares in November as published by FINRA. Its up 7.07% from 7.50 million shares, reported previously. With 839,800 shares average volume, it will take short sellers 10 days to cover their BRS’s short positions. The short interest to Bristow Group Incorporated’s float is 25.2%. The stock closed at $15.13 during the last session. It is down 30.44% since April 25, 2016 and is downtrending. It has underperformed by 36.45% 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 a market cap of $521.68 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.

Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.25, from 1.11 in 2016Q1. The ratio dropped, as 27 funds sold all Bristow Group Inc shares owned while 39 reduced positions. 20 funds bought stakes while 53 increased positions. They now own 39.47 million shares or 0.32% less from 39.60 million shares in 2016Q1.
Factory Mutual Insur accumulated 48,000 shares or 0.01% of the stock. State Street Corporation has 0% invested in the company for 1.11 million shares. Blackrock Institutional Na reported 856,461 shares or 0% of all its holdings. Blackrock Investment Ltd Limited Liability Company owns 163,936 shares or 0% of their US portfolio. Citigroup Incorporated owns 24,141 shares or 0% of their US portfolio. Vanguard Group accumulated 2.69 million shares or 0% of the stock. Freestone Ltd Liability Corp accumulated 10,000 shares or 0.01% of the stock. The Germany-based Deutsche Bank Ag has invested 0% in Bristow Group Inc (NYSE:BRS). Susquehanna Grp Ltd Liability Partnership last reported 0% of its portfolio in the stock. California State Teachers Retirement Sys holds 0% or 70,469 shares in its portfolio. Renaissance Techs Ltd Liability has 377,600 shares for 0.01% of their US portfolio. Profund Advisors Ltd Liability Corp last reported 14,737 shares in the company. Nationwide Fund Advsrs holds 0% of its portfolio in Bristow Group Inc (NYSE:BRS) for 75,319 shares. The Illinois-based Central Square Management Ltd Co has invested 1.64% in Bristow Group Inc (NYSE:BRS). Teacher Retirement Systems Of Texas holds 0% or 4,602 shares in its portfolio.

Insider Transactions: Since June 2, 2016, the stock had 11 insider purchases, and 0 sales for $679,951 net activity. $27,420 worth of shares were bought by Godden Ian on Friday, November 18. Ware Hilary S bought $63,034 worth of stock or 5,000 shares. Shares for $17,257 were bought by Gompert David C.. Akiri Chet bought $64,664 worth of stock. Another trade for 1,600 shares valued at $25,794 was made by Baliff Jonathan on Tuesday, June 7. Miller L. Don also bought $39,984 worth of Bristow Group Inc (NYSE:BRS) on Thursday, June 2. Shares for $91,252 were bought by Flick Michael A on Tuesday, June 7.

Bristow Group Inc (NYSE:BRS) Ratings Coverage

Out of 8 analysts covering Bristow Group (NYSE:BRS), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. Bristow Group has been the topic of 21 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Credit Suisse maintained the shares of BRS in a report on Friday, August 7 with “Neutral” rating. The firm has “Outperform” rating by Iberia Capital Partners given on Thursday, February 18. Oppenheimer maintained it with “Outperform” rating and $44 target price in Monday, November 9 report. Suntrust Robinson initiated it with “Neutral” rating and $29 target price in Monday, December 7 report. The rating was maintained by Credit Suisse on Tuesday, February 9 with “Neutral”. Cowen & Co maintained Bristow Group Inc (NYSE:BRS) rating on Thursday, September 1. Cowen & Co has “Outperform” rating and $14 price target. SunTrust initiated the shares of BRS in a report on Monday, December 7 with “Neutral” rating. The stock of Bristow Group Inc (NYSE:BRS) has “Equal-Weight” rating given on Tuesday, August 16 by Capital One. As per Tuesday, February 16, the company rating was maintained by Cowen & Co. Barclays Capital upgraded the shares of BRS in a report on Monday, June 6 to “Overweight” rating.

BRS Company Profile

Bristow Group Inc. (Bristow Group), incorporated on December 3, 1987, is an industrial aviation services well-known provider and helicopter service well-known provider to the offshore energy industry with global operations. The Industrial Aviation Services segment’s activities are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. Additionally, it operates a training unit, Bristow Academy. It provides industrial aviation services to a base of integrated, national and independent offshore energy companies. The Company’s clients charter its helicopters primarily to transport personnel between onshore bases and offshore production platforms, drilling rigs and other installations. The Company’s clients also charter its helicopters to transport time-sensitive equipment to these offshore locations.

More notable recent Bristow Group Inc (NYSE:BRS) news were published by: Fool.com which released: “Why Bristow Group Inc’s Stock Is Soaring Today” on November 04, 2016, also Prnewswire.com with their article: “Bristow Group Enters Into New $200 Million Seven-Year Equipment Financings” published on November 14, 2016, Fool.com published: “Here’s Why Bristow Group Inc.’s Stock Is So Turbulent Today” on February 09, 2016. More interesting news about Bristow Group Inc (NYSE:BRS) were released by: Prnewswire.com and their article: “Bristow Group Appoints William “Bill” Collins To Senior Vice President Global …” published on October 05, 2016 as well as Fool.com‘s news article titled: “Weak Earnings, Guidance Grounds Bristow Group Inc’s Stock” with publication date: May 26, 2016.

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By Winifred Garcia


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