Brown Advisory Inc. Sells 32,461 Shares of Bristow Group Inc. (NYSE:VTOL)

Brown Advisory Inc. cut its position in Bristow Group Inc. (NYSE:VTOL - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 857,956 shares of the company's stock after selling 32,461 shares during the quarter. Brown Advisory Inc. owned approximately 3.00% of Bristow Group worth $29,428,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings 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 buying an additional 27,953 shares during the last quarter. Franklin Resources Inc. purchased a new stake in Bristow Group during the 3rd quarter valued at approximately $572,000. JPMorgan Chase & Co. raised its stake in Bristow Group by 26.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 73,257 shares of the company's stock valued at $2,541,000 after acquiring an additional 15,139 shares during the last quarter. Graham Capital Wealth Management LLC acquired a new stake in Bristow Group during the 4th quarter worth approximately $2,969,000. Finally, Empowered Funds LLC grew its stake in shares of Bristow Group by 127.5% in the 4th quarter. Empowered Funds LLC now owns 84,982 shares of the company's stock valued at $2,915,000 after purchasing an additional 47,620 shares during the last quarter. Hedge funds and other institutional investors own 93.29% of the company's stock.

Bristow Group Stock Performance

Shares of Bristow Group stock traded up $1.01 during trading hours on Friday, hitting $29.74. 273,798 shares of the company were exchanged, compared to its average volume of 131,654. 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 business has a 50-day moving average of $29.97 and a 200-day moving average of $33.59. Bristow Group Inc. has a 1 year low of $25.11 and a 1 year high of $41.50. The stock has a market capitalization of $855.77 million, a price-to-earnings ratio of 15.99 and a beta of 1.32.

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, beating the consensus estimate of $0.58 by $0.34. The business had revenue of $350.53 million for the quarter, compared to the consensus estimate of $353.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

Insider Buying and Selling at Bristow Group

In other Bristow Group news, Director Lorin L. Brass sold 2,700 shares of the company'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 transaction of $99,900.00. Following the sale, the director now owns 28,104 shares in the company, valued at $1,039,848. This represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $70,730.00. Following the completion of the sale, the director now directly owns 19,173 shares in the company, valued at $616,411.95. This represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,027 shares of company stock worth $1,149,792. Corporate insiders own 14.90% of the company's stock.

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.