Bristow Group Inc. (NYSE:VTOL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 9.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 577,810 shares of the company's stock after selling 61,056 shares during the quarter. Wellington Management Group LLP owned about 2.02% of Bristow Group worth $20,044,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VTOL. Dimensional Fund Advisors LP raised its stake in shares of Bristow Group by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,492,128 shares of the company's stock worth $50,031,000 after buying an additional 87,969 shares during the last quarter. Empyrean Capital Partners LP grew its holdings in Bristow Group by 9.0% in the second 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 during the period. State Street Corp raised its position in shares of Bristow Group by 2.1% in the 3rd quarter. State Street Corp now owns 937,527 shares of the company's stock worth $32,523,000 after buying an additional 19,317 shares during the period. Clayton Partners LLC lifted its stake in shares of Bristow Group by 25.6% in 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 in the last quarter. Finally, Western Standard LLC lifted its position in Bristow Group by 8.0% during the third quarter. Western Standard LLC now owns 398,000 shares of the company's stock valued at $13,807,000 after buying an additional 29,600 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company's stock.

Insider Transactions at Bristow Group

In related news, major shareholder Alternative Asset Manage Solus sold 2,739 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $38.01, for a total value of $104,109.39. Following the completion of the sale, the insider now directly owns 3,303,356 shares of the company's stock, valued at $125,560,561.56. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 94,858 shares of company stock valued at $3,527,946. 14.90% of the stock is currently owned by corporate insiders.

Bristow Group Trading Down 2.8 %

Shares of Bristow Group stock traded down $1.01 during trading hours on Friday, hitting $34.43. The company's stock had a trading volume of 179,321 shares, compared to its average volume of 122,893. 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 company has a market capitalization of $985.66 million, a PE ratio of 18.51 and a beta of 1.34. The business has a fifty day moving average of $35.75 and a 200 day moving average of $35.55. Bristow Group Inc. has a 1-year low of $24.33 and a 1-year high of $41.50.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its earnings results 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. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The business had revenue of $365.12 million during the quarter. During the same quarter last year, the company posted $0.41 earnings per share.

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.