Invesco Ltd. Purchases 33,514 Shares of Bristow Group Inc. (NYSE:VTOL)

Invesco Ltd. increased its holdings in Bristow Group Inc. (NYSE:VTOL - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 427,731 shares of the company's stock after purchasing an additional 33,514 shares during the period. Invesco Ltd. owned 1.49% of Bristow Group worth $14,671,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in shares of Bristow Group by 29.6% during the fourth quarter. Wells Fargo & Company MN now owns 14,841 shares of the company's stock valued at $509,000 after buying an additional 3,392 shares during the last quarter. Donald Smith & CO. Inc. increased its holdings in Bristow Group by 23.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 91,735 shares of the company's stock valued at $3,147,000 after acquiring an additional 17,362 shares during the last quarter. Brandywine Global Investment Management LLC lifted its stake in Bristow Group by 7.4% in the 4th quarter. Brandywine Global Investment Management LLC now owns 97,074 shares of the company's stock worth $3,330,000 after purchasing an additional 6,653 shares in the last quarter. Hartree Partners LP bought a new position in shares of Bristow Group during the 4th quarter valued at about $2,550,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Bristow Group during the fourth quarter valued at approximately $998,000. 93.29% of the stock is currently owned by institutional investors.

Bristow Group Price Performance

VTOL traded up $0.31 during trading hours on Friday, hitting $29.61. The company's stock had a trading volume of 22,089 shares, compared to its average volume of 132,108. The business's 50-day moving average price is $31.37 and its 200-day moving average price is $33.95. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $41.50. 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 stock has a market cap of $852.03 million, a price-to-earnings ratio of 15.88 and a beta of 1.14.

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

Insiders Place Their Bets

In other news, Director Maryanne Miller sold 2,200 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total value of $70,730.00. Following the transaction, the director now directly owns 19,173 shares in the company, valued at approximately $616,411.95. This represents a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lorin L. Brass sold 2,700 shares of Bristow Group 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 position. The disclosure for this sale can be found here. Insiders sold a total of 35,027 shares of company stock valued at $1,149,792 over the last 90 days. Insiders own 14.90% of the company's stock.

Bristow Group Company 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.