Is Bristow Group Inc (BRS) A Good Stock To Buy?

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As one would reasonably expect, key hedge funds have been driving this bullishness. Robert Vollero and Gentry T. Beach’s Vollero Beach Capital Partners established the most outsized position in Bristow Group Inc (NYSE:BRS). Vollero Beach Capital Partners had $1.9 million invested in the company at the end of the quarter. Dan Sobol and Lisa Hess’ SkyTop Capital Management also initiated a $1.8 million position during the quarter. The following funds were also among the new BRS investors: Robert Hockett’s Covalent Capital Partners, Joel Greenblatt’s Gotham Asset Management, and D. E. Shaw’s D E Shaw.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Bristow Group Inc (NYSE:BRS) but similarly valued. We will take a look at Fidelity Southern Corporation (NASDAQ:LION), Haverty Furniture Companies, Inc. (NYSE:HVT), CU Bancorp (NASDAQ:CUNB), and Gladstone Commercial Corporation (NASDAQ:GOOD). This group of stocks’ market values match BRS’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
LION 11 39764 -1
HVT 11 68022 1
CUNB 6 29827 0
GOOD 8 33797 1

As you can see these stocks had an average of nine investors with bullish positions at the end of September and the average amount invested in these stocks was $43 million, versus $245 million in BRS’s case. Fidelity Southern Corporation (NASDAQ:LION) is the most popular stock in this table, while CU Bancorp (NASDAQ:CUNB) is the least popular one with only six bullish hedge fund positions. Compared to these stocks Bristow Group Inc (NYSE:BRS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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