Barclays PLC Purchases 27,953 Shares of Bristow Group Inc. (NYSE:VTOL)

Barclays PLC lifted its stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 287.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,691 shares of the company's stock after buying an additional 27,953 shares during the quarter. Barclays PLC owned approximately 0.13% of Bristow Group worth $1,308,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VTOL. The Manufacturers Life Insurance Company boosted its stake in Bristow Group by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company's stock valued at $315,000 after buying an additional 620 shares during the last quarter. Empyrean Capital Partners LP raised its holdings in shares of Bristow Group by 9.0% during the 2nd quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company's stock worth $37,554,000 after acquiring an additional 92,086 shares in the last quarter. Clayton Partners LLC boosted its position in shares of Bristow Group by 25.6% during the 2nd quarter. Clayton Partners LLC now owns 434,923 shares of the company's stock valued at $14,583,000 after acquiring an additional 88,742 shares during the last quarter. Algert Global LLC grew its holdings in shares of Bristow Group by 21.1% in the second quarter. Algert Global LLC now owns 61,004 shares of the company's stock valued at $2,045,000 after purchasing an additional 10,634 shares in the last quarter. Finally, State Street Corp increased its position in Bristow Group by 2.1% in the third quarter. State Street Corp now owns 937,527 shares of the company's stock worth $32,523,000 after purchasing an additional 19,317 shares during the last quarter. Institutional investors own 93.29% of the company's stock.

Bristow Group Price Performance

Bristow Group stock traded down $0.57 during mid-day trading on Friday, reaching $33.23. 74,382 shares of the company's stock traded hands, compared to its average volume of 123,191. Bristow Group Inc. has a 12-month low of $24.33 and a 12-month high of $41.50. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average of $35.53 and a two-hundred day moving average of $35.51. The company has a market cap of $951.31 million, a price-to-earnings ratio of 17.87 and a beta of 1.34.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.34. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The firm had revenue of $365.12 million for the quarter. During the same quarter in the prior year, the company posted $0.41 earnings per share.

Insider Buying and Selling at Bristow Group

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 714 shares of Bristow Group stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $38.02, for a total transaction of $27,146.28. Following the completion of the transaction, the insider now directly owns 3,276,203 shares of the company's stock, valued at $124,561,238.06. The trade was a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 94,858 shares of company stock worth $3,527,946 over the last ninety days. Company insiders own 14.90% of the company's stock.

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.