Bank of America Corp DE Buys 17,728 Shares of Bristow Group Inc. (NYSE:VTOL)

Bank of America Corp DE boosted its holdings in Bristow Group Inc. (NYSE:VTOL - Free Report) by 73.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,743 shares of the company's stock after acquiring an additional 17,728 shares during the quarter. Bank of America Corp DE owned 0.15% of Bristow Group worth $1,432,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new stake in Bristow Group in the fourth quarter valued at about $118,000. Northern Trust Corp increased its stake in Bristow Group by 7.5% in the fourth quarter. Northern Trust Corp now owns 263,861 shares of the company's stock valued at $9,050,000 after acquiring an additional 18,431 shares during the period. Tudor Investment Corp ET AL bought a new stake in Bristow Group in the fourth quarter valued at about $2,186,000. Aquatic Capital Management LLC bought a new stake in Bristow Group in the fourth quarter valued at about $142,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Bristow Group in the fourth quarter valued at about $404,000. Institutional investors own 93.29% of the company's stock.

Insider Transactions at Bristow Group

In other news, Director Maryanne Miller sold 2,200 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total transaction of $70,730.00. Following the completion of the sale, the director now owns 19,173 shares of the company's stock, valued at approximately $616,411.95. This trade represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 in the company, valued at $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. Over the last 90 days, insiders sold 12,175 shares of company stock valued at $390,720. Corporate insiders own 14.90% of the company's stock.

Bristow Group Price Performance

NYSE VTOL traded up $0.58 on Monday, reaching $31.00. The company's stock had a trading volume of 285,873 shares, compared to its average volume of 132,373. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The firm has a market cap of $892.03 million, a PE ratio of 16.67 and a beta of 1.32. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $41.50. The business has a 50-day moving average price of $29.04 and a 200 day moving average price of $32.65.

Bristow Group (NYSE:VTOL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.34. The company had revenue of $350.53 million during the quarter, compared to analyst estimates of $353.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

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.