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

Bank of New York Mellon Corp decreased its holdings in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 5.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 SEC filing.

Several other large investors have also added to or reduced their stakes in VTOL. American Century Companies Inc. boosted its holdings in Bristow Group by 22.4% during the fourth quarter. American Century Companies Inc. now owns 578,940 shares of the company's stock worth $19,858,000 after purchasing an additional 105,834 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Bristow Group during the fourth quarter worth $34,000. WINTON GROUP Ltd raised its position in Bristow Group by 3.1% during 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 in the last quarter. JPMorgan Chase & Co. raised its position in Bristow Group by 115.6% during the fourth quarter. JPMorgan Chase & Co. now owns 157,978 shares of the company's stock worth $5,419,000 after acquiring an additional 84,721 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Bristow Group during the fourth quarter worth $998,000. Institutional investors and hedge funds own 93.29% of the company's stock.

Bristow Group Stock Performance

NYSE VTOL traded up $0.26 on Monday, hitting $36.27. 95,732 shares of the stock were exchanged, compared to its average volume of 137,393. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.84 and a quick ratio of 1.47. The business's fifty day moving average is $32.95 and its 200 day moving average is $32.45. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $41.50. The company has a market capitalization of $1.04 billion, a PE ratio of 9.30 and a beta of 1.34.

Bristow Group (NYSE:VTOL - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.34. The business had revenue of $350.53 million for 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%.

Insider Buying and Selling

In related 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 sale, the insider directly owned 3,076,796 shares in the company, valued at $103,041,898.04. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 sale, the director owned 31,955 shares in the company, valued at approximately $1,070,492.50. This represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,085 shares of company stock worth $1,576,889. 13.40% of the stock is currently owned by corporate insiders.

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.