Brown Advisory Inc. Raises Stock Position in Bristow Group Inc. (NYSE:VTOL)

Brown Advisory Inc. raised its stake in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 17.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,009,740 shares of the company's stock after purchasing an additional 151,784 shares during the period. Brown Advisory Inc. owned 3.51% of Bristow Group worth $31,888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VTOL. Dimensional Fund Advisors LP lifted its stake in shares of Bristow Group by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,621,027 shares of the company's stock worth $55,600,000 after buying an additional 48,852 shares in the last quarter. Taconic Capital Advisors LP lifted its stake in shares of Bristow Group by 4.9% in the fourth quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company's stock worth $37,659,000 after buying an additional 50,900 shares in the last quarter. Medina Value Partners LLC lifted its stake in shares of Bristow Group by 5.2% in the fourth quarter. Medina Value Partners LLC now owns 618,036 shares of the company's stock worth $21,199,000 after buying an additional 30,568 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Bristow Group by 22.4% in the fourth quarter. American Century Companies Inc. now owns 578,940 shares of the company's stock worth $19,858,000 after buying an additional 105,834 shares in the last quarter. Finally, Western Standard LLC lifted its stake in shares of Bristow Group by 41.5% in the fourth quarter. Western Standard LLC now owns 563,318 shares of the company's stock worth $19,322,000 after buying an additional 165,318 shares in the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 45,857 shares of Bristow Group stock in a transaction dated 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lorin L. Brass sold 1,131 shares of Bristow Group stock in a transaction dated Monday, June 23rd. The shares were 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 of the company's stock, 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 have sold 47,085 shares of company stock valued at $1,576,889. 13.40% of the stock is owned by company insiders.

Bristow Group Trading Up 1.9%

Bristow Group stock traded up $0.69 during midday trading on Friday, hitting $36.11. 144,450 shares of the stock were exchanged, compared to its average volume of 142,941. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $41.50. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 9.26 and a beta of 1.34. The stock's 50-day simple moving average is $31.61 and its 200 day simple moving average is $32.38. The company has a current ratio of 1.84, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73.

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. Bristow Group had a net margin of 8.09% and a return on equity of 12.95%. The firm had revenue of $350.53 million during 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.