Bristow Group Inc. (NYSE:VTOL) Position Raised by Taconic Capital Advisors LP

Taconic Capital Advisors LP increased its position in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,097,927 shares of the company's stock after purchasing an additional 50,900 shares during the period. Bristow Group accounts for about 13.2% of Taconic Capital Advisors LP's holdings, making the stock its 3rd biggest holding. Taconic Capital Advisors LP owned approximately 3.83% of Bristow Group worth $37,659,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VTOL. American Century Companies Inc. lifted its stake in shares of Bristow Group by 22.4% in the 4th quarter. American Century Companies Inc. now owns 578,940 shares of the company's stock valued at $19,858,000 after purchasing an additional 105,834 shares during the last quarter. Graham Capital Wealth Management LLC acquired a new position in Bristow Group in the fourth quarter valued at about $2,969,000. JPMorgan Chase & Co. lifted its position in Bristow Group by 115.6% in the fourth quarter. JPMorgan Chase & Co. now owns 157,978 shares of the company's stock valued at $5,419,000 after buying an additional 84,721 shares during the last quarter. Hartree Partners LP purchased a new position in Bristow Group during the fourth quarter worth about $2,550,000. Finally, Intech Investment Management LLC increased its position in shares of Bristow Group by 1,139.5% during the fourth quarter. Intech Investment Management LLC now owns 75,908 shares of the company's stock valued at $2,604,000 after acquiring an additional 69,784 shares during the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

Bristow Group Trading Down 1.6%

Shares of Bristow Group stock traded down $0.47 on Thursday, reaching $28.70. The company had a trading volume of 158,932 shares, compared to its average volume of 128,707. The firm's 50 day moving average price is $29.64 and its two-hundred day moving average price is $33.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. Bristow Group Inc. has a 52-week low of $25.11 and a 52-week high of $41.50. The firm has a market cap of $825.70 million, a PE ratio of 15.43 and a beta of 1.32.

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

Insider Activity

In related news, major shareholder Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.71, for a total value of $272,245.33. Following the completion of the transaction, the insider now directly owns 3,188,625 shares in the company, valued at approximately $104,299,923.75. This trade represents a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lorin L. Brass sold 2,700 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the transaction, the director now directly owns 28,104 shares of the company's stock, valued at $1,039,848. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,027 shares of company stock valued at $1,149,792. 14.90% of the stock is currently owned by company 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.