Amundi Grows Stock Position in Bristow Group Inc. (NYSE:VTOL)

Amundi lifted its stake in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 184.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,956 shares of the company's stock after acquiring an additional 10,995 shares during the quarter. Amundi owned approximately 0.06% of Bristow Group worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wolverine Asset Management LLC boosted its position in Bristow Group by 105.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company's stock valued at $59,000 after acquiring an additional 34,400 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Bristow Group in the 3rd quarter valued at about $212,000. Quest Partners LLC boosted its position in shares of Bristow Group by 32.7% during the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company's stock valued at $213,000 after purchasing an additional 1,511 shares in the last quarter. ClearAlpha Technologies LP acquired a new stake in Bristow Group during the third quarter worth approximately $250,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Bristow Group in the third quarter worth approximately $298,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Lorin L. Brass sold 2,700 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the sale, the director now directly owns 28,104 shares of the company's stock, valued at $1,039,848. The trade was a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.71, for a total transaction of $272,245.33. Following the completion of the transaction, the insider now directly owns 3,188,625 shares in the company, valued at approximately $104,299,923.75. The trade was a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,027 shares of company stock worth $1,149,792 in the last three months. Company insiders own 14.90% of the company's stock.

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Bristow Group Trading Up 2.1 %

VTOL traded up $0.67 during trading on Monday, hitting $32.09. The company's stock had a trading volume of 135,697 shares, compared to its average volume of 119,814. The firm has a market capitalization of $918.80 million, a P/E ratio of 17.25 and a beta of 1.39. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50. The stock's fifty day moving average price is $34.54 and its 200-day moving average price is $35.02. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68.

Bristow Group (NYSE:VTOL - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.46. The business had revenue of $353.53 million for the quarter, compared to analyst estimates of $367.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

Bristow Group Profile

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.