Bank of New York Mellon Corp Has $6.08 Million Holdings in Bristow Group Inc. (NYSE:VTOL)

Bank of New York Mellon Corp boosted its holdings in Bristow Group Inc. (NYSE:VTOL - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,281 shares of the company's stock after purchasing an additional 15,440 shares during the period. Bank of New York Mellon Corp owned about 0.62% of Bristow Group worth $6,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Empowered Funds LLC increased its position in shares of Bristow Group by 5.3% in the third quarter. Empowered Funds LLC now owns 37,362 shares of the company's stock valued at $1,296,000 after acquiring an additional 1,876 shares during the last quarter. Quest Partners LLC raised its stake 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 worth $213,000 after purchasing an additional 1,511 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Bristow Group in the 3rd quarter valued at approximately $298,000. Intech Investment Management LLC bought a new position in shares of Bristow Group in the third quarter valued at $212,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Bristow Group by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company's stock worth $8,223,000 after buying an additional 674 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Bristow Group

In related news, Director Lorin L. Brass sold 2,700 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the transaction, the director now directly owns 28,104 shares in the company, valued at approximately $1,039,848. This represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.71, for a total transaction of $272,245.33. Following the completion of the sale, the insider now owns 3,188,625 shares of the company's stock, valued at $104,299,923.75. This trade represents a 0.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,952 shares of company stock worth $762,272. 14.90% of the stock is owned by company insiders.

Bristow Group Stock Performance

VTOL stock traded up $0.10 during trading hours on Thursday, reaching $32.07. The stock had a trading volume of 49,950 shares, compared to its average volume of 120,194. The stock has a 50-day simple moving average of $34.67 and a 200 day simple moving average of $35.16. Bristow Group Inc. has a fifty-two week low of $24.33 and a fifty-two week high of $41.50. The stock has a market capitalization of $918.09 million, a PE ratio of 17.26 and a beta of 1.39. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49.

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, beating the consensus estimate of $0.61 by $0.46. The business had revenue of $353.53 million during the quarter, compared to the consensus estimate 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.