45,105 Bristow Group Inc. $VTOL Shares Purchased by Vest Financial LLC

Key Points

• Vest Financial LLC doubled its Bristow Group position in the third quarter, purchasing 45,105 additional shares to hold 90,211 shares valued at approximately $3.67 million.
• Institutional investors own 93.29% of Bristow’s stock, while insiders have sold 53,858 shares worth about $2.43 million over the past 90 days.
• Bristow’s shares opened at $40.51, below the analyst consensus target of $60.00. The company recently reported quarterly EPS of $0.70, missing estimates, and pays a $0.125 quarterly dividend.

Vest Financial LLC boosted its position in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 100.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,211 shares of the company's stock after buying an additional 45,105 shares during the quarter. Vest Financial LLC owned approximately 0.30% of Bristow Group worth $3,673,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Bristow Group in the second quarter worth about $27,000. Nykredit A S acquired a new stake in shares of Bristow Group during the 2nd quarter valued at about $27,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Bristow Group during the 2nd quarter valued at about $42,000. Allworth Financial LP acquired a new stake in shares of Bristow Group during the 2nd quarter valued at about $43,000. Finally, Strs Ohio purchased a new position in shares of Bristow Group in the 1st quarter valued at about $61,000. Institutional investors and hedge funds own 93.29% of the company's stock.

Insider Buying and Selling

In related news, COO Stuart Stavley sold 10,218 shares of the company's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $46.20, for a total value of $472,071.60. Following the completion of the sale, the chief operating officer owned 64,740 shares of the company's stock, valued at approximately $2,990,988. This represents a 13.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Alternative Asset Manage Solus sold 15,000 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the sale, the insider owned 2,861,796 shares of the company's stock, valued at approximately $131,213,346.60. The trade was a 0.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 53,858 shares of company stock worth $2,431,989. 12.80% of the stock is owned by corporate insiders.

Bristow Group Stock Performance

Shares of NYSE:VTOL opened at $40.51 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. Bristow Group Inc. has a 1 year low of $35.03 and a 1 year high of $50.38. The firm has a market capitalization of $1.20 billion, a PE ratio of 11.67 and a beta of 1.23. The business's 50 day moving average price is $42.32 and its 200-day moving average price is $43.75.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.19). The business had revenue of $411.75 million for the quarter, compared to analyst estimates of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. As a group, equities research analysts expect that Bristow Group Inc. will post 3.31 earnings per share for the current fiscal year.

Bristow Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.1250 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. Bristow Group's dividend payout ratio (DPR) is currently 14.41%.

Analyst Upgrades and Downgrades

VTOL has been the subject of a number of analyst reports. Weiss Ratings raised Bristow Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 16th. Zacks Research raised Bristow Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 7th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $60.00.

About Bristow Group

Bristow Group Inc NYSE: VTOL is a provider of aviation services, specializing in helicopter transportation and support for the offshore energy industry, government agencies and other commercial customers. The company operates helicopters and fixed-wing aircraft to transport personnel and equipment, support offshore installations and provide specialized aviation services.

Bristow's government services include search-and-rescue operations, emergency response and aviation support conducted under long-term contracts.

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