Bristow Group Inc. (NYSE:VTOL) is Graham Capital Wealth Management LLC's 6th Largest Position

Key Points

• Graham Capital Wealth Management LLC has increased its stake in Bristow Group Inc. by 14.3%, making it the 6th largest position in their investment portfolio, with ownership of approximately 0.34% of the company.
• Several other institutional investors have also made significant changes to their positions in Bristow Group, with Sterling Capital Management increasing holdings by 795.5% in the last quarter.
• Bristow Group reported quarterly earnings of $0.92 EPS, exceeding analysts’ expectations of $0.58 EPS, despite revenues of $350.53 million falling short of the forecast of $353.00 million.

Graham Capital Wealth Management LLC raised its stake in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 14.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 98,979 shares of the company's stock after acquiring an additional 12,411 shares during the period. Bristow Group makes up approximately 3.5% of Graham Capital Wealth Management LLC's holdings, making the stock its 6th biggest position. Graham Capital Wealth Management LLC owned approximately 0.34% of Bristow Group worth $3,126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Sterling Capital Management LLC lifted its stake in shares of 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. KLP Kapitalforvaltning AS bought a new position in shares of Bristow Group in the 4th quarter worth approximately $34,000. BNP Paribas Financial Markets bought a new position in shares of Bristow Group in the 4th quarter worth approximately $118,000. Aquatic Capital Management LLC bought a new position in shares of Bristow Group in the 4th quarter worth approximately $142,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Bristow Group in the 1st quarter worth approximately $180,000. Institutional investors own 93.29% of the company's stock.

Insider Buying and Selling

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 45,857 shares of the firm's 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 owned 3,076,796 shares in the company, valued at approximately $103,041,898.04. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lorin L. Brass sold 1,131 shares of the firm's 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. The trade was a 3.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,085 shares of company stock worth $1,576,889. 13.40% of the stock is owned by company insiders.

Bristow Group Stock Performance

Shares of NYSE:VTOL traded down $1.10 during trading on Thursday, hitting $34.46. The company's stock had a trading volume of 65,737 shares, compared to its average volume of 158,170. The company has a 50-day moving average of $33.21 and a 200-day moving average of $32.49. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $41.50. 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 firm has a market cap of $991.27 million, a price-to-earnings ratio of 8.83 and a beta of 1.34.

Bristow Group (NYSE:VTOL - Get Free Report) last released its 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. Bristow Group had a net margin of 8.09% and a return on equity of 12.95%. The company had revenue of $350.53 million for the quarter, compared to analysts' expectations of $353.00 million.

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.