Bristow Group Inc. (NYSE:VTOL) is Taconic Capital Advisors LP's Largest Position

Taconic Capital Advisors LP cut its holdings in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,047,027 shares of the company's stock after selling 25,932 shares during the period. Bristow Group accounts for about 19.3% of Taconic Capital Advisors LP's holdings, making the stock its biggest position. Taconic Capital Advisors LP owned approximately 3.66% of Bristow Group worth $36,321,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. nVerses Capital LLC purchased a new stake in Bristow Group during the 2nd quarter valued at approximately $64,000. Innealta Capital LLC acquired a new position in shares of Bristow Group in the second quarter valued at approximately $74,000. Abner Herrman & Brock LLC purchased a new stake in shares of Bristow Group during the third quarter worth approximately $201,000. Intech Investment Management LLC acquired a new stake in shares of Bristow Group during the third quarter worth $212,000. Finally, Quest Partners LLC lifted its holdings in shares of Bristow Group by 32.7% during the third quarter. Quest Partners LLC now owns 6,138 shares of the company's stock worth $213,000 after purchasing an additional 1,511 shares during the period. 93.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Benchmark upped their price objective on shares of Bristow Group from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th.

Bristow Group Stock Performance

NYSE:VTOL traded up $0.28 during mid-day trading on Friday, reaching $38.22. The stock had a trading volume of 48,688 shares, compared to its average volume of 120,704. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50. The business has a 50 day simple moving average of $35.66 and a 200 day simple moving average of $35.59. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 20.55 and a beta of 1.31. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83.

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

Insiders Place Their Bets

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 42,150 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $38.10, for a total value of $1,605,915.00. Following the completion of the transaction, the insider now directly owns 3,306,855 shares of the company's stock, valued at approximately $125,991,175.50. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 94,858 shares of company stock worth $3,527,946. Corporate insiders own 14.90% of the company's stock.

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.