Connor Clark & Lunn Investment Management Ltd. grew its stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 225.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,913 shares of the company's stock after acquiring an additional 19,326 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of Bristow Group worth $957,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of VTOL. Amundi raised its holdings in Bristow Group by 184.4% during the 4th quarter. Amundi now owns 16,956 shares of the company's stock worth $599,000 after buying an additional 10,995 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Bristow Group during the fourth quarter worth $952,000. Victory Capital Management Inc. acquired a new stake in shares of Bristow Group during the fourth quarter worth $697,000. Charles Schwab Investment Management Inc. lifted its position in Bristow Group by 17.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 278,138 shares of the company's stock valued at $9,540,000 after acquiring an additional 41,095 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Bristow Group in the 4th quarter worth $1,556,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.
Bristow Group Stock Up 2.1 %
Shares of VTOL traded up $0.67 during midday trading on Monday, hitting $32.09. The stock had a trading volume of 135,697 shares, compared to its average volume of 120,862. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. The firm has a market cap of $918.80 million, a price-to-earnings ratio of 17.25 and a beta of 1.39. The company has a 50 day simple moving average of $34.54 and a two-hundred day simple moving average of $35.02. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50.
Bristow Group (NYSE:VTOL - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.46. The firm 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%.
Insider Activity
In other Bristow Group news, Director Lorin L. Brass sold 2,700 shares of the company's stock in a transaction on 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 directly owns 28,104 shares of the company's stock, valued at approximately $1,039,848. This represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Maryanne Miller sold 2,200 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total transaction of $70,730.00. Following the completion of the sale, the director now owns 19,173 shares of the company's stock, valued at $616,411.95. This trade represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,027 shares of company stock worth $1,149,792 in the last quarter. Corporate insiders own 14.90% of the company's stock.
Bristow Group Company Profile
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Free Report)
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.
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