Royce & Associates LP cut its stake in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 365,365 shares of the company's stock after selling 31,999 shares during the quarter. Royce & Associates LP owned 1.28% of Bristow Group worth $12,532,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in VTOL. Wolverine Asset Management LLC boosted its stake in shares of Bristow Group by 105.3% during 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 in the last quarter. Intech Investment Management LLC bought a new position in Bristow Group in the 3rd quarter valued at approximately $212,000. Quest Partners LLC boosted its position in Bristow Group by 32.7% during the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company's stock worth $213,000 after buying an additional 1,511 shares during the period. ClearAlpha Technologies LP acquired a new stake in Bristow Group during the 3rd quarter worth approximately $250,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Bristow Group during the 3rd quarter worth approximately $298,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Bristow Group
In other Bristow Group news, Director Maryanne Miller sold 2,200 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total transaction of $70,730.00. Following the sale, the director now owns 19,173 shares of the company's stock, valued at approximately $616,411.95. This represents a 10.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lorin L. Brass sold 2,700 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the sale, the director now owns 28,104 shares of the company's stock, valued at approximately $1,039,848. The trade was a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,152 shares of company stock worth $833,002 over the last ninety days. 14.90% of the stock is owned by insiders.
Bristow Group Trading Down 2.3 %
Shares of VTOL stock traded down $0.73 during trading hours on Friday, hitting $31.38. 308,802 shares of the company's stock traded hands, compared to its average volume of 121,086. The stock has a market cap of $898.50 million, a PE ratio of 16.87 and a beta of 1.39. The stock's 50 day simple moving average is $34.61 and its 200 day simple moving average is $35.14. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 12 month low of $24.33 and a 12 month 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.46. The business had revenue of $353.53 million during the quarter, compared to the consensus estimate of $367.00 million. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%.
About Bristow Group
(
Free Report)
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.
Further Reading
Before you consider Bristow Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bristow Group wasn't on the list.
While Bristow Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
