Empowered Funds LLC Raises Stock Holdings in Bristow Group Inc. (NYSE:VTOL)

Empowered Funds LLC grew its stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 127.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,982 shares of the company's stock after purchasing an additional 47,620 shares during the period. Empowered Funds LLC owned approximately 0.30% of Bristow Group worth $2,915,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of VTOL. Graham Capital Wealth Management LLC purchased a new stake in shares of Bristow Group in the fourth quarter valued at approximately $2,969,000. Western Standard LLC boosted its stake in shares of Bristow Group by 8.0% in 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. Barclays PLC boosted its stake in shares of Bristow Group by 287.1% in the third quarter. Barclays PLC now owns 37,691 shares of the company's stock valued at $1,308,000 after buying an additional 27,953 shares in the last quarter. State Street Corp boosted its position in Bristow Group by 2.1% during the third quarter. State Street Corp now owns 937,527 shares of the company's stock worth $32,523,000 after purchasing an additional 19,317 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Bristow Group during the third quarter worth $572,000. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Bristow Group Price Performance

VTOL traded up $0.45 during trading on Monday, reaching $36.44. 72,512 shares of the stock were exchanged, compared to its average volume of 90,075. The business's 50 day moving average price is $34.90 and its two-hundred day moving average price is $35.68. 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 company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 19.59 and a beta of 1.35. Bristow Group Inc. has a 1 year low of $24.33 and a 1 year high of $41.50.

Insiders Place Their Bets

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 4,255 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $38.02, for a total transaction of $161,775.10. Following the sale, the insider now directly owns 3,226,948 shares in the company, valued at approximately $122,688,562.96. The trade was a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.90% of the stock is owned by company insiders.

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.