Bridgeway Capital Management LLC Increases Holdings in Bristow Group Inc. (NYSE:VTOL)

Bridgeway Capital Management LLC increased its stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 27.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 129,015 shares of the company's stock after acquiring an additional 27,620 shares during the quarter. Bridgeway Capital Management LLC owned about 0.45% of Bristow Group worth $4,425,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VTOL. Sterling Capital Management LLC increased its holdings in shares of Bristow Group by 795.5% in the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock worth $27,000 after purchasing an additional 700 shares during the period. MetLife Investment Management LLC increased its stake in Bristow Group by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 14,932 shares of the company's stock worth $512,000 after acquiring an additional 819 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in shares of Bristow Group by 3.1% during the 4th quarter. WINTON GROUP Ltd now owns 31,605 shares of the company's stock worth $1,084,000 after acquiring an additional 960 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Bristow Group during the fourth quarter valued at about $34,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Bristow Group by 18.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,561 shares of the company's stock worth $328,000 after buying an additional 1,502 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors.

Bristow Group Trading Up 1.7%

Shares of NYSE VTOL traded up $0.52 during midday trading on Tuesday, reaching $30.70. The company had a trading volume of 65,444 shares, compared to its average volume of 131,363. The firm's fifty day moving average price is $29.92 and its 200-day moving average price is $33.55. 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 one year low of $25.11 and a one year high of $41.50. The stock has a market cap of $883.39 million, a PE ratio of 16.51 and a beta of 1.32.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.34. The business had revenue of $350.53 million for 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%.

Insiders Place Their Bets

In other news, Director Maryanne Miller sold 2,200 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total transaction 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. This represents a 10.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.71, for a total value of $386,926.59. Following the completion of the sale, the insider now owns 3,176,796 shares of the company's stock, valued at $103,912,997.16. This trade represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,027 shares of company stock worth $1,149,792. 14.90% of the stock is currently owned by company insiders.

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.