Western Standard LLC Increases Stock Holdings in Bristow Group Inc. (NYSE:VTOL)

Western Standard LLC lifted its position in Bristow Group Inc. (NYSE:VTOL - Free Report) by 41.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 563,318 shares of the company's stock after purchasing an additional 165,318 shares during the period. Bristow Group comprises approximately 12.9% of Western Standard LLC's portfolio, making the stock its 2nd biggest holding. Western Standard LLC owned about 1.97% of Bristow Group worth $19,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. bought a new position in shares of Bristow Group in the third quarter worth approximately $572,000. Principal Financial Group Inc. grew its holdings in shares of Bristow Group by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 119,379 shares of the company's stock worth $4,095,000 after purchasing an additional 3,356 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Bristow Group by 26.0% in the third quarter. JPMorgan Chase & Co. now owns 73,257 shares of the company's stock worth $2,541,000 after purchasing an additional 15,139 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Bristow Group in the fourth quarter valued at $697,000. Finally, American Century Companies Inc. increased its position in Bristow Group by 22.4% during 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 period. Institutional investors own 93.29% of the company's stock.

Insider Transactions at Bristow Group

In other news, Director Lorin L. Brass sold 2,700 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the sale, the director now owns 28,104 shares in the company, valued at approximately $1,039,848. The trade was a 8.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $32.08, for a total transaction of $316,790.00. Following the sale, the insider now owns 3,166,821 shares in the company, valued at approximately $101,591,617.68. This trade represents a 0.31% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,027 shares of company stock valued at $1,149,792. Company insiders own 14.90% of the company's stock.

Bristow Group Trading Up 0.9%

Shares of NYSE:VTOL traded up $0.25 on Friday, hitting $28.95. The company had a trading volume of 278,205 shares, compared to its average volume of 129,290. The firm's 50-day simple moving average is $29.53 and its two-hundred day simple moving average is $33.27. Bristow Group Inc. has a 1 year low of $25.11 and a 1 year high of $41.50. 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 market capitalization of $833.04 million, a price-to-earnings ratio of 15.56 and a beta of 1.32.

Bristow Group (NYSE:VTOL - Get Free Report) last posted 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 net margin of 3.93% and a return on equity of 6.50%. The firm had revenue of $350.53 million during 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.