Assenagon Asset Management S.A. Takes $451,000 Position 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 disclosure with the Securities and Exchange Commission. The fund bought 14,270 shares of the company's stock, valued at approximately $451,000.

Other large investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Bristow Group by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,983 shares of the company's stock worth $480,000 after purchasing an additional 517 shares during the period. Sterling Capital Management LLC boosted its position in shares of 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 purchasing an additional 700 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 purchasing an additional 723 shares during the period. MetLife Investment Management LLC boosted its position 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 purchasing an additional 819 shares during the period. Finally, WINTON GROUP Ltd boosted its position 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 purchasing an additional 960 shares during the period. Institutional investors own 93.29% of the company's stock.

Bristow Group Price Performance

Shares of NYSE:VTOL traded down $1.32 during midday trading on Monday, reaching $31.92. 159,883 shares of the company were exchanged, compared to its average volume of 138,062. The company has a current ratio of 1.84, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73. The business's fifty day moving average is $30.26 and its two-hundred day moving average is $32.39. Bristow Group Inc. has a one year low of $25.11 and a one year high of $41.50. The stock has a market cap of $918.34 million, a PE ratio of 8.18 and a beta of 1.32.

Bristow Group (NYSE:VTOL - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.34. The company had revenue of $350.53 million for the quarter, compared to the consensus estimate of $353.00 million. Bristow Group had a net margin of 8.09% and a return on equity of 12.95%.

Insider Activity at Bristow Group

In related news, major shareholder Alternative Asset Manage Solus sold 45,857 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $33.49, for a total transaction of $1,535,750.93. Following the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.40% of the stock is owned by insiders.

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.