Fmr LLC Sells 75,481 Shares of Bristow Group Inc. (NYSE:VTOL)

FMR LLC decreased its stake in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 50.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,881 shares of the company's stock after selling 75,481 shares during the period. FMR LLC owned approximately 0.26% of Bristow Group worth $2,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its stake in shares of 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 acquiring an additional 620 shares during the period. Empyrean Capital Partners LP boosted its stake in Bristow Group by 9.0% during the 2nd quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company's stock valued at $37,554,000 after purchasing an additional 92,086 shares in the last quarter. Clayton Partners LLC increased 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 purchasing an additional 88,742 shares during the period. Bailard Inc. bought a new stake in shares of Bristow Group in the 2nd quarter worth $241,000. Finally, Algert Global LLC raised its stake in shares of Bristow Group by 21.1% in the 2nd quarter. Algert Global LLC now owns 61,004 shares of the company's stock worth $2,045,000 after buying an additional 10,634 shares in the last quarter. 93.29% of the stock is currently owned by institutional investors.

Bristow Group Price Performance

VTOL stock traded down $1.01 during trading hours on Friday, hitting $34.43. 179,321 shares of the stock traded hands, compared to its average volume of 122,893. The stock has a 50-day simple moving average of $35.75 and a 200 day simple moving average of $35.54. The company has a market cap of $985.66 million, a P/E ratio of 18.51 and a beta of 1.34. Bristow Group Inc. has a one year low of $24.33 and a one year 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.

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

Insider Buying and Selling

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 42,150 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $38.10, for a total transaction of $1,605,915.00. Following the sale, the insider now owns 3,306,855 shares in the company, valued at approximately $125,991,175.50. The trade was a 1.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 94,858 shares of company stock worth $3,527,946. Corporate 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.