Bristow Group Inc. (NYSE:VTOL) is Western Standard LLC's 2nd Largest Position

Western Standard LLC increased its holdings in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 41.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 563,318 shares of the company's stock after buying an additional 165,318 shares during the quarter. Bristow Group comprises approximately 12.9% of Western Standard LLC's portfolio, making the stock its 2nd biggest holding. Western Standard LLC owned approximately 1.97% of Bristow Group worth $19,322,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Taconic Capital Advisors LP boosted its holdings in shares of Bristow Group by 4.9% in the 4th quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company's stock valued at $37,659,000 after purchasing an additional 50,900 shares during the last quarter. State of Wyoming raised its position in shares of Bristow Group by 237.3% in the 4th quarter. State of Wyoming now owns 9,088 shares of the company's stock worth $312,000 after buying an additional 6,394 shares during the period. ProShare Advisors LLC acquired a new position in Bristow Group in the fourth quarter valued at $254,000. Man Group plc grew its position in Bristow Group by 103.0% during the fourth quarter. Man Group plc now owns 18,136 shares of the company's stock valued at $622,000 after acquiring an additional 9,203 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in Bristow Group by 17.3% during the fourth quarter. Nuveen Asset Management LLC now owns 75,121 shares of the company's stock worth $2,577,000 after acquiring an additional 11,061 shares during the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

Bristow Group Stock Performance

NYSE VTOL opened at $29.56 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. Bristow Group Inc. has a 1-year low of $25.11 and a 1-year high of $41.50. The firm has a market capitalization of $850.59 million, a P/E ratio of 15.89 and a beta of 1.32. The business's 50-day simple moving average is $29.71 and its 200-day simple moving average is $33.43.

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

Insider Buying and Selling at Bristow Group

In related news, Director Maryanne Miller sold 2,200 shares of Bristow Group stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total transaction of $70,730.00. Following the sale, the director now owns 19,173 shares of the company's stock, valued at $616,411.95. The trade was a 10.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the business's stock in a transaction dated 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 owns 3,188,625 shares in the company, valued at approximately $104,299,923.75. This trade represents a 0.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,027 shares of company stock valued at $1,149,792 over the last three months. 14.90% of the stock is 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.

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