Assenagon Asset Management S.A. Invests $451,000 in Bristow Group Inc. (NYSE:VTOL)

Assenagon Asset Management S.A. bought a new stake in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,270 shares of the company's stock, valued at approximately $451,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bristow Group by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,983 shares of the company's stock worth $480,000 after buying an additional 517 shares during the last quarter. 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 worth $27,000 after acquiring an additional 700 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Bristow Group by 2.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,402 shares of the company's stock worth $906,000 after acquiring an additional 723 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Bristow Group by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 14,932 shares of the company's stock worth $512,000 after acquiring an additional 819 shares during the last quarter. Finally, WINTON GROUP Ltd grew its stake in shares of Bristow Group by 3.1% in the fourth quarter. WINTON GROUP Ltd now owns 31,605 shares of the company's stock worth $1,084,000 after acquiring an additional 960 shares during the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Alternative Asset Manage Solus sold 45,857 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $33.49, for a total transaction of $1,535,750.93. Following the transaction, the insider now directly owns 3,076,796 shares of the company's stock, valued at $103,041,898.04. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 13.40% of the company's stock.

Bristow Group Stock Down 1.5%

Shares of VTOL traded down $0.49 during trading hours on Friday, hitting $33.33. The company had a trading volume of 244,899 shares, compared to its average volume of 138,690. The stock has a market capitalization of $958.88 million, a price-to-earnings ratio of 8.55 and a beta of 1.32. The firm has a fifty day moving average price of $30.06 and a 200-day moving average price of $32.49. Bristow Group Inc. has a 52-week low of $25.11 and a 52-week high of $41.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 1.84.

Bristow Group (NYSE:VTOL - Get Free Report) last released its quarterly earnings data 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 business had revenue of $350.53 million during the quarter, compared to analyst estimates of $353.00 million. Bristow Group had a net margin of 8.09% and a return on equity of 12.95%.

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.