Bristow Group (NYSE:VTOL) Sees Large Volume Increase - Should You Buy?

Bristow Group Inc. (NYSE:VTOL - Get Free Report) saw an uptick in trading volume on Tuesday . 341,918 shares changed hands during trading, an increase of 132% from the previous session's volume of 147,393 shares.The stock last traded at $32.35 and had previously closed at $30.98.

Bristow Group Stock Up 1.9%

The stock has a market cap of $988.19 million, a P/E ratio of 18.46 and a beta of 1.32. The company's 50 day moving average price is $29.36 and its two-hundred day moving average price is $32.63. 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 (NYSE:VTOL - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.34. The business had revenue of $350.53 million during the quarter, compared to analysts' expectations of $353.00 million. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%.

Insider Activity

In other Bristow Group news, 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 transaction, the insider now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maryanne Miller sold 2,200 shares of the company's stock in a transaction 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 in the company, valued at approximately $616,411.95. The trade was a 10.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.90% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VTOL. Sterling Capital Management LLC grew its stake in shares of Bristow Group by 795.5% during the fourth 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. Federated Hermes Inc. increased its stake in Bristow Group by 74.7% during the 1st quarter. Federated Hermes Inc. now owns 912 shares of the company's stock valued at $29,000 after purchasing an additional 390 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Bristow Group in the fourth quarter worth $34,000. Strs Ohio purchased a new stake in shares of Bristow Group during the first quarter valued at $44,000. Finally, Wolverine Asset Management LLC raised its stake in 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 during the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

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.