Fayez Sarofim & Co Purchases New Holdings in Bristow Group Inc. (NYSE:VTOL)

Fayez Sarofim & Co purchased a new position in Bristow Group Inc. (NYSE:VTOL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the company's stock, valued at approximately $343,000.

A number of other hedge funds also recently bought and sold shares of VTOL. Stifel Financial Corp bought a new position in Bristow Group during the 4th quarter valued at about $1,038,000. MetLife Investment Management LLC lifted its stake in Bristow Group by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 14,932 shares of the company's stock valued at $512,000 after acquiring an additional 819 shares during the period. Dimensional Fund Advisors LP lifted its stake in Bristow Group by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,621,027 shares of the company's stock valued at $55,600,000 after acquiring an additional 48,852 shares during the period. Medina Value Partners LLC lifted its stake in Bristow Group by 5.2% during the 4th quarter. Medina Value Partners LLC now owns 618,036 shares of the company's stock valued at $21,199,000 after acquiring an additional 30,568 shares during the period. Finally, Barclays PLC lifted its stake in Bristow Group by 39.7% during the 4th quarter. Barclays PLC now owns 52,647 shares of the company's stock valued at $1,806,000 after acquiring an additional 14,956 shares during the period. Institutional investors own 93.29% of the company's stock.

Bristow Group Stock Performance

Shares of NYSE:VTOL traded up $0.65 during trading on Friday, hitting $29.95. The company's stock had a trading volume of 108,046 shares, compared to its average volume of 132,703. The company has a 50-day moving average of $31.24 and a 200-day moving average of $33.91. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $41.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. The firm has a market cap of $861.81 million, a price-to-earnings ratio of 16.10 and a beta of 1.14.

Bristow Group (NYSE:VTOL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.46. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The firm had revenue of $353.53 million for the quarter, compared to analysts' expectations of $367.00 million.

Insiders Place Their Bets

In other Bristow Group news, Director Lorin L. Brass sold 2,700 shares of the 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 completion of the sale, the director now directly owns 28,104 shares of the company's stock, valued at $1,039,848. This trade represents a 8.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $32.08, for a total transaction of $316,790.00. Following the sale, the insider now directly owns 3,166,821 shares of the company's stock, valued at approximately $101,591,617.68. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,027 shares of company stock worth $1,149,792. Company insiders own 14.90% of the company's stock.

About Bristow Group

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.