Barclays PLC Acquires 14,956 Shares of Bristow Group Inc. (NYSE:VTOL)

Barclays PLC lifted its stake in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 39.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,647 shares of the company's stock after purchasing an additional 14,956 shares during the quarter. Barclays PLC owned 0.18% of Bristow Group worth $1,806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VTOL. Sterling Capital Management LLC grew its position in Bristow Group by 795.5% during the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock worth $27,000 after acquiring an additional 700 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Bristow Group by 8.5% during the fourth quarter. Invesco Ltd. now owns 427,731 shares of the company's stock valued at $14,671,000 after purchasing an additional 33,514 shares during the period. Wells Fargo & Company MN grew its stake in Bristow Group by 29.6% in the fourth quarter. Wells Fargo & Company MN now owns 14,841 shares of the company's stock valued at $509,000 after acquiring an additional 3,392 shares during the period. Donald Smith & CO. Inc. lifted its stake in shares of Bristow Group by 23.3% in the fourth quarter. Donald Smith & CO. Inc. now owns 91,735 shares of the company's stock valued at $3,147,000 after buying an additional 17,362 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its position in shares of Bristow Group by 7.4% during the fourth quarter. Brandywine Global Investment Management LLC now owns 97,074 shares of the company's stock worth $3,330,000 after acquiring an additional 6,653 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company's stock.

Insider Activity at Bristow Group

In related news, Director Maryanne Miller sold 2,200 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 in the company, valued at approximately $616,411.95. This represents a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the stock in a transaction on Wednesday, March 5th. The stock was 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 directly owns 3,188,625 shares in the company, valued at $104,299,923.75. The trade was a 0.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,027 shares of company stock worth $1,149,792. 14.90% of the stock is owned by corporate insiders.

Bristow Group Stock Up 2.5 %

VTOL traded up $0.69 during midday trading on Thursday, reaching $28.46. 9,047 shares of the company were exchanged, compared to its average volume of 132,334. The company's fifty day moving average price is $30.14 and its 200 day moving average price is $33.65. Bristow Group Inc. has a one year low of $25.11 and a one year high of $41.50. The company has a market cap of $818.94 million, a price-to-earnings ratio of 15.30 and a beta of 1.32. 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 data on Tuesday, May 6th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.58 by $0.34. The firm had revenue of $350.53 million during the quarter, compared to analyst estimates of $353.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

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.