Intech Investment Management LLC Acquires 69,784 Shares of Bristow Group Inc. (NYSE:VTOL)

Intech Investment Management LLC lifted its position in Bristow Group Inc. (NYSE:VTOL - Free Report) by 1,139.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,908 shares of the company's stock after acquiring an additional 69,784 shares during the quarter. Intech Investment Management LLC owned approximately 0.27% of Bristow Group worth $2,604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VTOL. Empowered Funds LLC grew its position in Bristow Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 37,362 shares of the company's stock worth $1,296,000 after purchasing an additional 1,876 shares in the last quarter. Quest Partners LLC grew its holdings in shares of Bristow Group by 32.7% in the third quarter. Quest Partners LLC now owns 6,138 shares of the company's stock valued at $213,000 after acquiring an additional 1,511 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Bristow Group in the third quarter valued at approximately $298,000. Charles Schwab Investment Management Inc. increased its position in shares of Bristow Group by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company's stock valued at $8,223,000 after acquiring an additional 674 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Bristow Group by 35.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,679 shares of the company's stock worth $891,000 after acquiring an additional 6,723 shares during the period. Hedge funds and other institutional investors own 93.29% of the company's stock.

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Insider Activity

In other news, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the company's 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 sale, the insider now directly owns 3,188,625 shares in the company, valued at $104,299,923.75. This represents a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Maryanne Miller sold 2,200 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total transaction of $70,730.00. Following the completion of the sale, the director now owns 19,173 shares in the company, valued at $616,411.95. This represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,027 shares of company stock valued at $1,149,792 over the last quarter. Company insiders own 14.90% of the company's stock.

Bristow Group Stock Performance

Shares of VTOL stock traded up $0.67 during trading hours on Monday, hitting $32.09. 135,697 shares of the company were exchanged, compared to its average volume of 120,862. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $34.54 and a 200 day simple moving average of $35.02. Bristow Group Inc. has a 52-week low of $24.33 and a 52-week high of $41.50. The stock has a market capitalization of $918.80 million, a price-to-earnings ratio of 17.25 and a beta of 1.39.

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

About Bristow Group

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.