Birnam Oak Advisors LP bought a new stake in Bristow Group Inc. (NYSE:VTOL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 13,654 shares of the company's stock, valued at approximately $468,000. Bristow Group comprises approximately 0.2% of Birnam Oak Advisors LP's portfolio, making the stock its 24th largest position.
Several other institutional investors also recently bought and sold shares of VTOL. Graham Capital Wealth Management LLC bought a new stake in shares of Bristow Group in the fourth quarter worth about $2,969,000. Empowered Funds LLC grew its position in shares of Bristow Group by 127.5% in the 4th quarter. Empowered Funds LLC now owns 84,982 shares of the company's stock worth $2,915,000 after buying an additional 47,620 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Bristow Group in the 4th quarter worth approximately $1,556,000. Charles Schwab Investment Management Inc. increased its stake in shares of Bristow Group by 17.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 278,138 shares of the company's stock valued at $9,540,000 after buying an additional 41,095 shares during the period. Finally, Wolverine Asset Management LLC raised its holdings in shares of 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 in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.
Bristow Group Trading Down 2.3 %
NYSE:VTOL traded down $0.73 during trading hours on Friday, hitting $31.38. The company had a trading volume of 308,802 shares, compared to its average volume of 121,086. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. The stock has a 50-day moving average price of $34.61 and a 200 day moving average price of $35.14. The company has a market capitalization of $898.50 million, a PE ratio of 16.87 and a beta of 1.39. Bristow Group Inc. has a 52 week low of $24.33 and a 52 week high of $41.50.
Bristow Group (NYSE:VTOL - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.46. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The firm had revenue of $353.53 million for the quarter, compared to analyst estimates of $367.00 million.
Insiders Place Their Bets
In related 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 sale, the director now 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 11,829 shares of the company's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $32.71, for a total transaction of $386,926.59. Following the completion of the sale, the insider now owns 3,176,796 shares in the company, valued at approximately $103,912,997.16. This trade represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,152 shares of company stock worth $833,002. Company insiders own 14.90% of the company's stock.
About Bristow Group
(
Free Report)
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.
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