Bank of New York Mellon Corp Has $5.31 Million Position in Bristow Group Inc. (NYSE:VTOL)

Bank of New York Mellon Corp lowered its stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 5.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168,273 shares of the company's stock after selling 9,008 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.58% of Bristow Group worth $5,314,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 valued at $480,000 after purchasing an additional 517 shares during the period. Sterling Capital Management LLC increased 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 valued at $27,000 after buying an additional 700 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 valued at $906,000 after buying an additional 723 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in 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 lifted 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 acquiring an additional 960 shares during the last quarter. Hedge funds and other institutional investors own 93.29% of the company's stock.

Insider Activity at Bristow Group

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 45,857 shares of Bristow Group stock in a transaction that occurred 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 transaction, the insider directly owned 3,076,796 shares in the company, valued at approximately $103,041,898.04. The trade was a 1.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lorin L. Brass sold 1,131 shares of Bristow Group stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $33.50, for a total transaction of $37,888.50. Following the transaction, the director owned 31,955 shares in the company, valued at approximately $1,070,492.50. The trade was a 3.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,085 shares of company stock worth $1,576,889. 13.40% of the stock is owned by corporate insiders.

Bristow Group Stock Performance

NYSE VTOL traded down $0.93 during trading hours on Friday, reaching $35.96. The company's stock had a trading volume of 115,318 shares, compared to its average volume of 166,927. The business has a 50-day simple moving average of $32.82 and a 200 day simple moving average of $32.47. The stock has a market cap of $1.03 billion, a PE ratio of 9.22 and a beta of 1.34. The company has a current ratio of 1.84, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $41.50.

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, topping the consensus estimate of $0.58 by $0.34. Bristow Group had a return on equity of 12.95% and a net margin of 8.09%. The firm had revenue of $350.53 million for the quarter, compared to analysts' expectations of $353.00 million.

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.