There may be some debate as to whether activist shareholders are good for the long-term health of companies, but there is no debating their results. In 2012, 2013, and 2014, activist investment strategies returned 9.3%, 19.2%, and 8.5% respectively per year. While new activist positions may not be moving the needle quite as much as they once were, the market still values activist involvement in companies. In this article, we reveal one of the latest activist filings, issued by Caledonia Investments PLC, disclosing the latest information regarding the activist’s position in Bristow Group Inc (NYSE:BRS). The filing discloses a position of 2.82 million shares and declares that Caledonia Investments purchased about 600,000 shares over the past few days believing them to be undervalued after a brutal stretch for the stock, which is down by 43% year-to-date and 76% over the past year. The filing is embedded in its entirety below and on the following pages.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Caledonia Investments plc||2,824,283||2,824,283||2,824,283||8.08%|
Page 1 of 5 SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
(Name of Issuer)
Common Stock ($0.01 par value)
(Title of Class of Securities)
676255 10 2
Mr. Graeme P. Denison, Caledonia Investments plc, 2nd Floor, Stratton
House, 5 Stratton Street,
London, England W1J 8LA (44-20-7802-8080)
(Name, Address and Telephone Number of Person Authorized to Receive Notice and Communications)
February 12, 2016
of Event which Requires Filing of Statement)
If the filing
person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
NOTE: Schedules filed in paper format shall include a signed original and five copies of the Schedule, including all exhibits. See §
240.13d-7(b) for other parties to whom copies are to be sent.
|*||The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information |
which would alter the disclosures provided in a prior cover page.
The information required on the remainder of this cover
page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).