In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Bristow Group Inc. (NYSE:BRS) reported that Morgan Stanley has picked up 1,786,447 of common stock as of 2017-04-18.
The acquisition brings the aggregate amount owned by Morgan Stanley to a total of 1,786,447 representing a 5.0% stake in the company.
For those not familiar with the company, Bristow Group Inc. is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan. The Africa region consists of all its operations and affiliates on the African continent, including Nigeria, Tanzania and Egypt. The Americas region consists of all its operations and affiliates in North America and South America, including Brazil, Canada, Trinidad and the United States Gulf of Mexico. The Asia Pacific region consists of all its operations and affiliates in Australia and Southeast Asia, including Malaysia and Sakhalin. Additionally, it operates a training unit, Bristow Academy.
A glance at Bristow Group Inc. (NYSE:BRS)’s key stats reveals a current market capitalization of 489.95 Million based on 35.10 Million shares outstanding and a price at last close of $14.00 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-02-10, Baliff picked up 1,400 at a purchase price of $17.69. This brings their total holding to 52,398 as of the date of the filing.
On the sell side, the most recent transaction saw Baliff unload 8,874 shares at a sale price of $68.06. This brings their total holding to 8,819.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Bristow Group Inc. (NYSE:BRS) as things move forward to see if its progress aligns with these transactions.
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