Empyrean Capital Partners LP Reduces Holdings in Bristow Group Inc. (NYSE:VTOL)

Empyrean Capital Partners LP trimmed its position in Bristow Group Inc. (NYSE:VTOL - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,080,000 shares of the company's stock after selling 40,000 shares during the period. Bristow Group comprises about 1.7% of Empyrean Capital Partners LP's portfolio, making the stock its 21st largest holding. Empyrean Capital Partners LP owned approximately 3.77% of Bristow Group worth $37,044,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG boosted its holdings in Bristow Group by 38.2% in the 4th quarter. Deutsche Bank AG now owns 27,145 shares of the company's stock worth $931,000 after buying an additional 7,502 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Bristow Group by 31.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 151,601 shares of the company's stock worth $5,200,000 after purchasing an additional 35,855 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Bristow Group by 100.7% in the 4th quarter. Cubist Systematic Strategies LLC now owns 48,445 shares of the company's stock worth $1,662,000 after purchasing an additional 24,310 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in Bristow Group by 27.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 129,015 shares of the company's stock worth $4,425,000 after purchasing an additional 27,620 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Bristow Group by 73.8% in the 4th quarter. Bank of America Corp DE now owns 41,743 shares of the company's stock worth $1,432,000 after purchasing an additional 17,728 shares in the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Lorin L. Brass sold 2,700 shares of Bristow Group stock in a transaction that occurred on Friday, February 28th. The shares were 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 of the company's stock, valued at approximately $1,039,848. The trade was a 8.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alternative Asset Manage Solus sold 11,829 shares of Bristow Group stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $32.71, for a total transaction of $386,926.59. Following the sale, the insider now directly owns 3,176,796 shares in the company, valued at approximately $103,912,997.16. The trade was a 0.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,027 shares of company stock valued at $1,149,792 in the last ninety days. 14.90% of the stock is currently owned by corporate insiders.

Bristow Group Price Performance

VTOL traded up $1.01 during trading on Friday, reaching $29.74. The company's stock had a trading volume of 273,798 shares, compared to its average volume of 131,012. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $29.97 and a two-hundred day simple moving average of $33.58. Bristow Group Inc. has a 1 year low of $25.11 and a 1 year high of $41.50. The company has a market cap 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 released 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 business had revenue of $350.53 million for the quarter, compared to analyst estimates of $353.00 million.

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.