Bristow Group Inc (NYSE:BRS)
was in 13 hedge funds' portfolio at the end of the first quarter of 2013. BRS shareholders have witnessed an increase in hedge fund interest in recent months. There were 11 hedge funds in our database with BRS positions at the end of the previous quarter.
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Now, let's take a peek at the recent action surrounding Bristow Group Inc (NYSE:BRS
How have hedgies been trading Bristow Group Inc (NYSE:BRS)?
In preparation for this quarter, a total of 13 of the hedge funds we track were bullish in this stock, a change of 18% from the previous quarter. With the smart money's positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were upping their stakes significantly.
Of the funds we track, John W. Rogers's Ariel Investments
had the biggest position in Bristow Group Inc (NYSE:BRS), worth close to $104.7 million, comprising 1.8% of its total 13F portfolio. The second largest stake is held by Third Avenue Management
, managed by Martin Whitman, which held a $24.7 million position; the fund has 0.5% of its 13F portfolio invested in the stock. Other hedge funds that hold long positions include Israel Englander's Millennium Management
, Cliff Asness's AQR Capital Management
and Dmitry Balyasny's Balyasny Asset Management
As one would reasonably expect, key money managers were breaking ground themselves. Balyasny Asset Management
, managed by Dmitry Balyasny, established the largest position in Bristow Group Inc (NYSE:BRS). Balyasny Asset Management had 8.7 million invested in the company at the end of the quarter. Ken Griffin's Citadel Investment Group
also initiated a $4.6 million position during the quarter. The following funds were also among the new BRS investors: Dmitry Balyasny's Balyasny Asset Management
, D. E. Shaw's D E Shaw
, and Paul Tudor Jones's Tudor Investment Corp
What do corporate executives and insiders think about Bristow Group Inc (NYSE:BRS)?
Insider purchases made by high-level executives is particularly usable when the company we're looking at has experienced transactions within the past 180 days. Over the last 180-day time period, Bristow Group Inc (NYSE:BRS) has experienced 2 unique insiders buying, and 6 insider sales (see the details of insider trades here
Let's also review hedge fund and insider activity in other stocks similar to Bristow Group Inc (NYSE:BRS). These stocks are Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW
), Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR
), Grupo Aeroportuario del Centro Nort(ADR) (NASDAQ:OMAB
), Grupo Aeroportuario del Pacifico (ADR) (NYSE:PAC
), and Air Methods Corp (NASDAQ:AIRM
). This group of stocks are the members of the air services, other industry and their market caps resemble BRS's market cap.