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

D. E. Shaw & Co. Inc. grew its holdings in Bristow Group Inc. (NYSE:VTOL - Free Report) by 31.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,601 shares of the company's stock after purchasing an additional 35,855 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.53% of Bristow Group worth $5,200,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its holdings in Bristow Group by 795.5% in the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock valued at $27,000 after acquiring an additional 700 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Bristow Group during the 4th quarter worth about $34,000. Wolverine Asset Management LLC raised its position in Bristow Group by 105.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company's stock valued at $59,000 after purchasing an additional 34,400 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Bristow Group during the 4th quarter valued at about $118,000. Finally, Aquatic Capital Management LLC acquired a new position in Bristow Group during the 4th quarter worth approximately $142,000. Hedge funds and other institutional investors own 93.29% of the company's stock.

Bristow Group Trading Down 0.2%

Shares of Bristow Group stock traded down $0.07 on Tuesday, reaching $29.54. 102,096 shares of the company were exchanged, compared to its average volume of 129,401. The stock has a fifty day moving average price of $29.71 and a 200-day moving average price of $33.43. The firm has a market capitalization of $850.01 million, a price-to-earnings ratio of 15.88 and a beta of 1.32. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $41.50.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.34. The company had revenue of $350.53 million during 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%.

Insider Buying and Selling at Bristow Group

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.71, for a total value of $272,245.33. Following the completion of the transaction, the insider now directly owns 3,188,625 shares in the company, valued at approximately $104,299,923.75. This represents a 0.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lorin L. Brass sold 2,700 shares of Bristow Group stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the transaction, the director now directly owns 28,104 shares in the company, valued at approximately $1,039,848. This represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,027 shares of company stock worth $1,149,792 over the last quarter. 14.90% of the stock is currently owned by insiders.

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.