Nuveen Asset Management LLC Acquires 11,061 Shares of Bristow Group Inc. (NYSE:VTOL)

Nuveen Asset Management LLC increased its holdings in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,121 shares of the company's stock after acquiring an additional 11,061 shares during the period. Nuveen Asset Management LLC owned about 0.26% of Bristow Group worth $2,577,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in Bristow Group by 795.5% in the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock worth $27,000 after purchasing an additional 700 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Bristow Group in the fourth quarter valued at about $34,000. Wolverine Asset Management LLC lifted its position in Bristow Group by 105.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company's stock worth $59,000 after buying an additional 34,400 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Bristow Group during the 4th quarter worth about $118,000. Finally, Aquatic Capital Management LLC bought a new stake in Bristow Group during the 4th quarter worth about $142,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Bristow Group Price Performance

Shares of NYSE VTOL traded up $0.70 during trading on Friday, reaching $30.35. The company had a trading volume of 101,501 shares, compared to its average volume of 131,624. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $41.50. The business's 50 day moving average price is $29.08 and its 200-day moving average price is $32.77. The stock has a market cap of $873.23 million, a PE ratio of 16.32 and a beta of 1.32. 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 (NYSE:VTOL - Get Free Report) last issued its quarterly earnings results 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 net margin of 3.93% and a return on equity of 6.50%. The business had revenue of $350.53 million during the quarter, compared to analyst estimates of $353.00 million.

Insider Transactions at Bristow Group

In related news, Director Maryanne Miller sold 2,200 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total value of $70,730.00. Following the transaction, the director now directly owns 19,173 shares in the company, valued at $616,411.95. This represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 3,166,821 shares in the company, valued at approximately $101,591,617.68. The trade was a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,175 shares of company stock worth $390,720 over the last 90 days. 14.90% of the stock is owned by 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.