10,000 Shares in Bristow Group Inc. (NYSE:VTOL) Purchased by Fayez Sarofim & Co

Fayez Sarofim & Co purchased a new position in Bristow Group Inc. (NYSE:VTOL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company's stock, valued at approximately $343,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its stake in Bristow Group by 795.5% during the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock valued at $27,000 after purchasing an additional 700 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Bristow Group during the fourth quarter valued at approximately $34,000. Wolverine Asset Management LLC grew its holdings in Bristow Group by 105.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company's stock worth $59,000 after buying an additional 34,400 shares in the last quarter. Counterpoint Mutual Funds LLC grew its holdings in Bristow Group by 82.8% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 11,637 shares of the company's stock worth $399,000 after buying an additional 5,270 shares in the last quarter. Finally, Birnam Oak Advisors LP purchased a new stake in Bristow Group in the 4th quarter valued at $468,000. Institutional investors and hedge funds own 93.29% of the company's stock.

Bristow Group Stock Up 2.2 %

VTOL traded up $0.65 during mid-day trading on Friday, reaching $29.95. 108,046 shares of the stock were exchanged, compared to its average volume of 132,570. The company has a 50 day moving average price of $31.24 and a two-hundred day moving average price of $33.92. The stock has a market capitalization of $861.81 million, a PE ratio of 16.10 and a beta of 1.14. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. Bristow Group Inc. has a 1 year low of $25.11 and a 1 year high of $41.50.

Bristow Group (NYSE:VTOL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.61 by $0.46. The firm had revenue of $353.53 million during the quarter, compared to analyst estimates of $367.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

Insider Buying and Selling

In related news, Director Maryanne Miller sold 2,200 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total value of $70,730.00. Following the sale, the director now directly owns 19,173 shares in the company, valued at approximately $616,411.95. The trade was a 10.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $32.71, for a total transaction of $386,926.59. Following the transaction, the insider now owns 3,176,796 shares of the company's stock, valued at $103,912,997.16. This represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,027 shares of company stock worth $1,149,792. Insiders own 14.90% of the company's stock.

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.