D. E. Shaw & Co. Inc. Grows Stake in Bristow Group Inc. (NYSE:VTOL)

D. E. Shaw & Co. Inc. boosted its stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,601 shares of the company's stock after acquiring an additional 35,855 shares during the period. D. E. Shaw & Co. Inc. owned about 0.53% of Bristow Group worth $5,200,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its holdings 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 valued at $27,000 after purchasing an additional 700 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Bristow Group in the fourth quarter valued at approximately $34,000. Wolverine Asset Management LLC grew its position in shares of Bristow Group by 105.3% during the fourth 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. BNP Paribas Financial Markets acquired a new position in shares of Bristow Group in the 4th quarter valued at $118,000. Finally, Aquatic Capital Management LLC purchased a new stake in Bristow Group in the 4th quarter valued at $142,000. Institutional investors and hedge funds own 93.29% of the company's stock.

Insider Activity

In other news, Director Maryanne Miller sold 2,200 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were 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 owns 19,173 shares in the company, valued at approximately $616,411.95. This trade represents a 10.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lorin L. Brass sold 2,700 shares of Bristow Group stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the sale, the director now directly owns 28,104 shares in the company, valued at approximately $1,039,848. The trade was a 8.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,027 shares of company stock valued at $1,149,792. Company insiders own 14.90% of the company's stock.

Bristow Group Stock Performance

Bristow Group stock traded down $0.54 during midday trading on Thursday, hitting $28.62. 44,311 shares of the company's stock were exchanged, compared to its average volume of 128,253. 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 stock has a market cap of $823.54 million, a price-to-earnings ratio of 15.39 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 firm's 50 day simple moving average is $29.64 and its 200 day simple moving average is $33.37.

Bristow Group (NYSE:VTOL - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $350.53 million for the quarter, compared to analyst estimates of $353.00 million. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%.

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.