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

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

Several other institutional investors and hedge funds have also bought and sold shares of VTOL. Sterling Capital Management LLC raised its position in Bristow Group by 795.5% in the 4th 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. MetLife Investment Management LLC boosted its stake in Bristow Group by 5.8% during 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 in the last quarter. WINTON GROUP Ltd raised its holdings in 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 buying an additional 960 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Bristow Group in the fourth quarter worth about $34,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Bristow Group by 18.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,561 shares of the company's stock worth $328,000 after buying an additional 1,502 shares during the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Bristow Group Stock Down 0.2%

VTOL opened at $29.60 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average price of $29.12 and a 200-day moving average price of $32.82. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $41.50. The stock has a market capitalization of $851.71 million, a price-to-earnings ratio of 15.91 and a beta of 1.32.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.92 EPS 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 analysts' expectations of $353.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

Insider Buying and Selling

In other Bristow Group news, Director Maryanne Miller sold 2,200 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total transaction of $70,730.00. Following the transaction, the director now directly owns 19,173 shares in the company, valued at $616,411.95. This represents a 10.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $32.08, for a total transaction of $316,790.00. Following the transaction, the insider now owns 3,166,821 shares in the company, valued at approximately $101,591,617.68. The trade was a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,175 shares of company stock worth $390,720. 14.90% of the stock is owned by insiders.

Bristow Group 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.

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