Bristow Group Inc. (NYSE:VTOL) Shares Acquired by Western Standard LLC

Western Standard LLC grew its position in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 8.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 398,000 shares of the company's stock after buying an additional 29,600 shares during the period. Bristow Group makes up 13.0% of Western Standard LLC's holdings, making the stock its 2nd biggest position. Western Standard LLC owned 1.39% of Bristow Group worth $13,807,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of VTOL. Vanguard Group Inc. grew its position in Bristow Group by 0.4% during the first quarter. Vanguard Group Inc. now owns 1,698,384 shares of the company's stock worth $46,196,000 after buying an additional 6,152 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 purchasing an additional 87,969 shares in the last quarter. Empyrean Capital Partners LP increased its position in shares of Bristow Group by 9.0% in the second quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company's stock worth $37,554,000 after purchasing an additional 92,086 shares during the period. State Street Corp raised its stake in Bristow Group by 2.1% in the third quarter. State Street Corp now owns 937,527 shares of the company's stock valued at $32,523,000 after purchasing an additional 19,317 shares in the last quarter. Finally, Clayton Partners LLC lifted its position in Bristow Group by 25.6% during the second quarter. Clayton Partners LLC now owns 434,923 shares of the company's stock worth $14,583,000 after purchasing an additional 88,742 shares during the period. Institutional investors and hedge funds own 93.29% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Alternative Asset Manage Solus sold 2,739 shares of Bristow Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $38.01, for a total transaction of $104,109.39. Following the sale, the insider now directly owns 3,303,356 shares of the company's stock, valued at approximately $125,560,561.56. This trade represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 94,858 shares of company stock worth $3,527,946 in the last three months. 14.90% of the stock is owned by corporate insiders.

Bristow Group Price Performance

NYSE VTOL traded down $0.96 on Friday, hitting $35.03. 453,310 shares of the company's stock were exchanged, compared to its average volume of 122,332. Bristow Group Inc. has a 52 week low of $24.33 and a 52 week high of $41.50. The stock has a 50-day moving average of $35.73 and a 200-day moving average of $35.61. 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 $1.00 billion, a price-to-earnings ratio of 19.08 and a beta of 1.34.

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

Wall Street Analyst Weigh In

Separately, Benchmark raised their target price on shares of Bristow Group from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, August 8th.

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.