Cubist Systematic Strategies LLC Increases Position in Bristow Group Inc. (NYSE:VTOL)

Cubist Systematic Strategies LLC boosted its stake in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 100.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,445 shares of the company's stock after acquiring an additional 24,310 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.17% of Bristow Group worth $1,662,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in VTOL. Barclays PLC raised its stake in shares of Bristow Group by 287.1% in the third quarter. Barclays PLC now owns 37,691 shares of the company's stock valued at $1,308,000 after acquiring an additional 27,953 shares during the period. Franklin Resources Inc. purchased a new stake in Bristow Group in the 3rd quarter worth about $572,000. JPMorgan Chase & Co. raised its position in Bristow Group by 26.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,257 shares of the company's stock worth $2,541,000 after purchasing an additional 15,139 shares during the period. Graham Capital Wealth Management LLC bought a new stake in Bristow Group in the fourth quarter worth about $2,969,000. Finally, Empowered Funds LLC grew its stake in shares of Bristow Group by 127.5% during the fourth quarter. Empowered Funds LLC now owns 84,982 shares of the company's stock valued at $2,915,000 after buying an additional 47,620 shares during the last quarter. 93.29% of the stock is owned by institutional investors.

Bristow Group Trading Up 0.1%

Shares of VTOL stock traded up $0.02 on Friday, reaching $29.99. 178,376 shares of the company's stock were exchanged, compared to its average volume of 130,238. The company's fifty day simple moving average is $29.80 and its 200 day simple moving average is $33.48. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $41.50. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $862.96 million, a PE ratio of 16.12 and a beta of 1.32.

Bristow Group (NYSE:VTOL - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.92 earnings per share 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 business had revenue of $350.53 million for the quarter, compared to analyst estimates of $353.00 million.

Insider Activity at Bristow Group

In other Bristow Group news, Director Maryanne Miller sold 2,200 shares of Bristow Group 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 completion of the sale, 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 document filed with the SEC, which is available at this hyperlink. 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 value of $272,245.33. Following 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. Insiders sold 35,027 shares of company stock worth $1,149,792 in the last 90 days. 14.90% of the stock is owned by corporate insiders.

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.