Cubist Systematic Strategies LLC grew its stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 100.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,445 shares of the company's stock after purchasing an additional 24,310 shares during the period. Cubist Systematic Strategies LLC owned about 0.17% of Bristow Group worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in VTOL. Sterling Capital Management LLC grew its stake in shares of Bristow Group by 795.5% in 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 in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Bristow Group in the 4th quarter worth $34,000. Wolverine Asset Management LLC grew its stake in shares of Bristow Group by 105.3% in the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company's stock worth $59,000 after acquiring an additional 34,400 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Bristow Group in the 4th quarter worth about $118,000. Finally, Aquatic Capital Management LLC purchased a new position in shares of Bristow Group in the 4th quarter worth about $142,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Bristow Group
In related news, Director Lorin L. Brass sold 2,700 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the sale, the director now owns 28,104 shares in the company, valued at approximately $1,039,848. The trade was a 8.77% decrease in their ownership of the stock. The sale 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 9,875 shares of the 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 sale, the insider now owns 3,166,821 shares of the company's stock, valued at approximately $101,591,617.68. This represents a 0.31% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,027 shares of company stock worth $1,149,792. Insiders own 14.90% of the company's stock.
Bristow Group Stock Performance
NYSE VTOL traded up $0.02 during trading on Friday, hitting $29.99. 178,376 shares of the company's stock traded hands, compared to its average volume of 129,511. The stock has a market capitalization of $862.96 million, a price-to-earnings ratio of 16.12 and a beta of 1.32. Bristow Group Inc. has a 12-month low of $25.11 and a 12-month high of $41.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. The business has a 50 day moving average of $29.75 and a 200-day moving average of $33.45.
Bristow Group (NYSE:VTOL - Get Free Report) last posted its quarterly earnings data 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. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The firm had revenue of $350.53 million during the quarter, compared to analysts' expectations of $353.00 million.
Bristow Group Company Profile
(
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.
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