Bristow Group (NYSE:VTOL) Sees Strong Trading Volume - Time to Buy?

Bristow Group Inc. (NYSE:VTOL - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 341,918 shares traded 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 3.1%

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 firm has a market capitalization of $963.24 million, a P/E ratio of 18.00 and a beta of 1.32. The stock has a fifty day moving average price of $29.09 and a two-hundred day moving average price of $32.65.

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 analysts' consensus estimates of $0.58 by $0.34. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The company had revenue of $350.53 million for the quarter, compared to analysts' expectations of $353.00 million.

Insider Buying and Selling

In related news, Director Maryanne Miller sold 2,200 shares of Bristow Group stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total transaction of $70,730.00. Following the sale, the director now directly owns 19,173 shares in the company, valued at $616,411.95. The trade was a 10.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $32.08, for a total transaction of $316,790.00. Following the completion of the sale, the insider now directly owns 3,166,821 shares of the company's stock, valued at $101,591,617.68. The trade was a 0.31% decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Western Standard LLC boosted its stake in Bristow Group by 41.5% during the fourth quarter. Western Standard LLC now owns 563,318 shares of the company's stock valued at $19,322,000 after buying an additional 165,318 shares in the last quarter. Brown Advisory Inc. lifted its stake in Bristow Group by 17.7% during the first quarter. Brown Advisory Inc. now owns 1,009,740 shares of the company's stock valued at $31,888,000 after buying an additional 151,784 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Bristow Group by 22.4% during the fourth quarter. American Century Companies Inc. now owns 578,940 shares of the company's stock valued at $19,858,000 after acquiring an additional 105,834 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Bristow Group by 115.6% in the 4th quarter. JPMorgan Chase & Co. now owns 157,978 shares of the company's stock valued at $5,419,000 after acquiring an additional 84,721 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Bristow Group during the 1st quarter worth approximately $2,588,000. Institutional investors and hedge funds own 93.29% of the company's stock.

Bristow Group Company 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.