Franklin Resources Inc. Purchases Shares of 16,698 Bristow Group Inc. (NYSE:VTOL)

Franklin Resources Inc. purchased a new position in Bristow Group Inc. (NYSE:VTOL - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,698 shares of the company's stock, valued at approximately $572,000. Franklin Resources Inc. owned about 0.06% of Bristow Group at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in VTOL. Driehaus Capital Management LLC bought a new stake in Bristow Group during the 2nd quarter valued at $4,615,000. Empyrean Capital Partners LP increased its stake in shares of Bristow Group by 9.0% during the second quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company's stock valued at $37,554,000 after buying an additional 92,086 shares during the period. Clayton Partners LLC raised its holdings in shares of Bristow Group by 25.6% in the second quarter. Clayton Partners LLC now owns 434,923 shares of the company's stock valued at $14,583,000 after acquiring an additional 88,742 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Bristow Group by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,492,128 shares of the company's stock worth $50,031,000 after acquiring an additional 87,969 shares during the period. Finally, American Century Companies Inc. grew its holdings in Bristow Group by 16.6% during the 2nd quarter. American Century Companies Inc. now owns 321,157 shares of the company's stock worth $10,768,000 after acquiring an additional 45,738 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company's stock.

Bristow Group Stock Up 2.1 %

NYSE VTOL traded up $0.70 during trading on Tuesday, reaching $34.30. 83,688 shares of the company's stock traded hands, compared to its average volume of 122,753. Bristow Group Inc. has a 12-month low of $24.33 and a 12-month high of $41.50. 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 $981.94 million, a price-to-earnings ratio of 18.44 and a beta of 1.34. The company's 50 day simple moving average is $35.54 and its two-hundred day simple moving average is $35.53.

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

Insider Buying and Selling

In related news, major shareholder Alternative Asset Manage Solus sold 714 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $38.02, for a total transaction of $27,146.28. Following the completion of the sale, the insider now owns 3,276,203 shares of the company's stock, valued at $124,561,238.06. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 94,858 shares of company stock worth $3,527,946 in the last three months. 14.90% of the stock is owned by insiders.

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.