Wellington Management Group LLP Sells 26,500 Shares of Bristow Group Inc. (NYSE:VTOL)

Wellington Management Group LLP cut its position in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 551,310 shares of the company's stock after selling 26,500 shares during the quarter. Wellington Management Group LLP owned 1.93% of Bristow Group worth $18,910,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. acquired a new stake in shares of Bristow Group in the third quarter valued at about $572,000. Geode Capital Management LLC grew its holdings in Bristow Group by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 563,014 shares of the company's stock valued at $19,535,000 after buying an additional 13,320 shares during the last quarter. Barclays PLC increased its position in Bristow Group by 287.1% in the 3rd quarter. Barclays PLC now owns 37,691 shares of the company's stock worth $1,308,000 after buying an additional 27,953 shares during the period. Principal Financial Group Inc. boosted its position in shares of Bristow Group by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 119,379 shares of the company's stock valued at $4,095,000 after acquiring an additional 3,356 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Bristow Group by 26.0% during the third quarter. JPMorgan Chase & Co. now owns 73,257 shares of the company's stock worth $2,541,000 after acquiring an additional 15,139 shares during the period. 93.29% of the stock is owned by hedge funds and other institutional investors.

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Bristow Group Stock Performance

VTOL traded up $0.43 on Monday, hitting $27.76. 13,535 shares of the stock traded hands, compared to its average volume of 129,861. The business has a fifty day moving average price of $32.66 and a two-hundred day moving average price of $34.35. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 52 week low of $24.33 and a 52 week high of $41.50. The firm has a market capitalization of $794.82 million, a PE ratio of 14.92 and a beta of 1.14.

Bristow Group (NYSE:VTOL - Get Free Report) last announced 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. The firm had revenue of $353.53 million for the quarter, compared to analyst estimates of $367.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

Insider Transactions at Bristow Group

In other news, Director Maryanne Miller sold 2,200 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total value of $70,730.00. Following the transaction, the director now directly owns 19,173 shares of the company's stock, valued at $616,411.95. The trade was a 10.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 9,875 shares of Bristow Group stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $32.08, for a total value of $316,790.00. Following the completion of the transaction, the insider now owns 3,166,821 shares of the company's stock, valued at approximately $101,591,617.68. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,027 shares of company stock valued at $1,149,792. Corporate insiders own 14.90% of the company's stock.

About Bristow Group

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.