JPMorgan Chase & Co. Raises Stock Holdings in Bristow Group Inc. (NYSE:VTOL)

JPMorgan Chase & Co. raised its position in Bristow Group Inc. (NYSE:VTOL - Free Report) by 115.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 157,978 shares of the company's stock after acquiring an additional 84,721 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.55% of Bristow Group worth $5,419,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Bristow Group in the 4th quarter valued at approximately $34,000. Wolverine Asset Management LLC increased its holdings in shares of Bristow Group by 105.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company's stock valued at $59,000 after purchasing an additional 34,400 shares during the last quarter. Counterpoint Mutual Funds LLC grew its holdings in shares of Bristow Group by 82.8% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 11,637 shares of the company's stock worth $399,000 after purchasing an additional 5,270 shares during the period. Birnam Oak Advisors LP acquired a new position in shares of Bristow Group in the fourth quarter valued at approximately $468,000. Finally, Franklin Resources Inc. acquired a new position in shares of Bristow Group during the third quarter worth $572,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bristow Group

In other news, major shareholder Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.71, for a total transaction of $272,245.33. Following the sale, the insider now directly owns 3,188,625 shares of the company's stock, valued at approximately $104,299,923.75. The trade was a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the director now owns 19,173 shares in the company, valued at approximately $616,411.95. This trade represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,027 shares of company stock worth $1,149,792 in the last three months. 14.90% of the stock is currently owned by company insiders.

Bristow Group Trading Up 2.8 %

NYSE:VTOL opened at $29.06 on Friday. Bristow Group Inc. has a 52-week low of $24.85 and a 52-week high of $41.50. The company has a market capitalization of $832.13 million, a PE ratio of 15.63 and a beta of 1.14. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The stock's 50 day moving average price is $31.97 and its 200 day moving average price is $34.14.

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

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.

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