Oppenheimer & Co. Inc. Acquires Shares of 45,350 Bristow Group Inc. (NYSE:VTOL)

Oppenheimer & Co. Inc. bought a new stake in Bristow Group Inc. (NYSE:VTOL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 45,350 shares of the company's stock, valued at approximately $1,556,000. Oppenheimer & Co. Inc. owned approximately 0.16% of Bristow Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Graham Capital Wealth Management LLC purchased a new stake in Bristow Group in the 4th quarter valued at approximately $2,969,000. Empowered Funds LLC grew its holdings in shares of Bristow Group by 127.5% in the 4th quarter. Empowered Funds LLC now owns 84,982 shares of the company's stock worth $2,915,000 after acquiring an additional 47,620 shares during the period. Wolverine Asset Management LLC increased its stake in Bristow Group by 105.3% in the 4th 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 in the last quarter. Western Standard LLC raised its holdings in Bristow Group by 8.0% during the third quarter. Western Standard LLC now owns 398,000 shares of the company's stock worth $13,807,000 after purchasing an additional 29,600 shares during the last quarter. Finally, Barclays PLC boosted its position in Bristow Group by 287.1% during the third quarter. Barclays PLC now owns 37,691 shares of the company's stock worth $1,308,000 after purchasing an additional 27,953 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company's stock.

Bristow Group Price Performance

Shares of Bristow Group stock traded up $0.36 on Friday, hitting $32.65. The company's stock had a trading volume of 116,080 shares, compared to its average volume of 120,368. 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 firm has a fifty day moving average price of $35.22 and a 200-day moving average price of $35.58. Bristow Group Inc. has a 52-week low of $24.33 and a 52-week high of $41.50. The company has a market capitalization of $934.69 million, a P/E ratio of 17.55 and a beta of 1.39.

Remove Ads

Bristow Group (NYSE:VTOL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $353.53 million during the quarter, compared to analysts' expectations of $367.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

Insider Activity at Bristow Group

In other news, Director Lorin L. Brass sold 2,700 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the transaction, the director now owns 28,104 shares of the company's stock, valued at $1,039,848. This represents a 8.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 14.90% of the company's stock.

Bristow Group Company 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.