Should You Buy Bristow Group Inc (BRS)?

Now, key money managers have been driving this bullishness. Point72 Asset Management, managed by Steve Cohen, established the most valuable position in Bristow Group Inc (NYSE:BRS). Point72 Asset Management had $4 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also made a $4 million investment in the stock during the quarter. The following funds were also among the new BRS investors: John Overdeck and David Siegel’s Two Sigma Advisors, Paul Orlin and Alex Porter’s Amici Capital, and Ray Carroll’s Breton Hill Capital.

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. These stocks are Rovi Corporation (NASDAQ:ROVI), Dominion Diamond Corp (NYSE:DDC), New Senior Investment Group Inc (NYSE:SNR), and Just Energy Group, Inc. Ordinary Shares (Canada) (NYSE:JE). This group of stocks’ market values are similar to BRS’s market value.

As you can see these stocks had an average of 16.75 hedge funds with bullish positions and the average amount invested in these stocks was $111 million. That figure was $231 million in BRS’s case. Rovi Corporation (NASDAQ:ROVI) is the most popular stock in this table. On the other hand Just Energy Group, Inc. Ordinary Shares (Canada) (NYSE:JE) is the least popular one with only 10 bullish hedge fund positions. Bristow Group Inc (NYSE:BRS) is among the most popular stocks in this group and that makes BRS worth a closer look.