Brown Advisory Inc. Boosts Stake 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 first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,009,740 shares of the company's stock after purchasing an additional 151,784 shares during the quarter. Brown Advisory Inc. owned about 3.51% of Bristow Group worth $31,888,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of VTOL. Bank of New York Mellon Corp increased its stake in Bristow Group by 9.5% during the 4th quarter. Bank of New York Mellon Corp now owns 177,281 shares of the company's stock valued at $6,081,000 after purchasing an additional 15,440 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Bristow Group by 17.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 278,138 shares of the company's stock worth $9,540,000 after acquiring an additional 41,095 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Bristow Group in the fourth quarter worth $697,000. Proficio Capital Partners LLC acquired a new stake in shares of Bristow Group in the fourth quarter worth $952,000. Finally, Amundi increased its stake in shares of Bristow Group by 184.4% in the fourth quarter. Amundi now owns 16,956 shares of the company's stock worth $599,000 after acquiring an additional 10,995 shares during the period. Institutional investors and hedge funds own 93.29% of the company's stock.

Bristow Group Stock Performance

Shares of NYSE:VTOL traded up $0.69 during midday trading on Friday, reaching $36.11. The company's stock had a trading volume of 144,450 shares, compared to its average volume of 142,927. The firm has a market capitalization of $1.04 billion, a PE ratio of 9.26 and a beta of 1.34. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $41.50. The stock has a fifty day moving average of $31.61 and a 200 day moving average of $32.39. The company has a quick ratio of 1.47, a current ratio of 1.84 and a debt-to-equity ratio of 0.73.

Bristow Group (NYSE:VTOL - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.58 by $0.34. The company had revenue of $350.53 million for the quarter, compared to analyst estimates of $353.00 million. Bristow Group had a net margin of 8.09% and a return on equity of 12.95%.

Insider Buying and Selling at Bristow Group

In other Bristow Group news, Director Lorin L. Brass sold 1,131 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $33.50, for a total transaction of $37,888.50. Following the transaction, the director directly owned 31,955 shares of the company's stock, valued at $1,070,492.50. This trade represents a 3.42% 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, major shareholder Alternative Asset Manage Solus sold 45,857 shares of the stock in a transaction 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 transaction, the insider directly owned 3,076,796 shares in the company, valued at approximately $103,041,898.04. The trade was a 1.47% decrease in their ownership of the stock. 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 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.