Proficio Capital Partners LLC Makes New $952,000 Investment in Bristow Group Inc. (NYSE:VTOL)

Proficio Capital Partners LLC purchased a new stake in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,749 shares of the company's stock, valued at approximately $952,000. Proficio Capital Partners LLC owned approximately 0.10% of Bristow Group as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Bristow Group by 2.1% during the 3rd quarter. State Street Corp now owns 937,527 shares of the company's stock valued at $32,523,000 after buying an additional 19,317 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Bristow Group by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 563,014 shares of the company's stock worth $19,535,000 after purchasing an additional 13,320 shares in the last quarter. Western Standard LLC raised its position in Bristow Group by 8.0% in the 3rd quarter. Western Standard LLC now owns 398,000 shares of the company's stock worth $13,807,000 after buying an additional 29,600 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Bristow Group by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company's stock valued at $8,223,000 after purchasing an additional 674 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Bristow Group by 9.5% during the 4th quarter. Bank of New York Mellon Corp now owns 177,281 shares of the company's stock valued at $6,081,000 after buying an additional 15,440 shares during the period. 93.29% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Bristow Group

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.71, for a total transaction of $272,245.33. Following the completion of the transaction, the insider now owns 3,188,625 shares in the company, valued at $104,299,923.75. This trade represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the director now owns 28,104 shares in the company, valued at $1,039,848. This represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,852 shares of company stock valued at $759,072. 14.90% of the stock is owned by company insiders.

Bristow Group Stock Performance

NYSE:VTOL traded up $0.46 on Tuesday, hitting $32.03. The stock had a trading volume of 146,141 shares, compared to its average volume of 120,926. 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 has a market cap of $917.20 million, a price-to-earnings ratio of 17.22 and a beta of 1.39. The business's 50-day simple moving average is $35.17 and its two-hundred day simple moving average is $35.48. Bristow Group Inc. has a 52-week low of $24.33 and a 52-week high of $41.50.

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