Corient Private Wealth LP Makes New $1.43 Million Investment in Bristow Group Inc. $VTOL

Corient Private Wealth LP purchased a new position in Bristow Group Inc. (NYSE:VTOL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,638 shares of the company's stock, valued at approximately $1,431,000. Corient Private Wealth LP owned approximately 0.12% of Bristow Group as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Y Intercept Hong Kong Ltd acquired a new position in Bristow Group during the 1st quarter valued at about $1,521,000. BlackRock Inc. acquired a new stake in shares of Bristow Group in the 2nd quarter worth approximately $162,017,000. Vanguard Group Inc. lifted its stake in shares of Bristow Group by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company's stock worth $75,313,000 after acquiring an additional 71,638 shares during the period. Algert Global LLC boosted its holdings in shares of Bristow Group by 17.1% in the second quarter. Algert Global LLC now owns 410,059 shares of the company's stock valued at $16,944,000 after acquiring an additional 59,858 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Bristow Group by 107.1% in the first quarter. Sei Investments Co. now owns 81,589 shares of the company's stock valued at $3,826,000 after acquiring an additional 42,193 shares in the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Bristow Group news, COO Stuart Stavley sold 10,218 shares of Bristow Group stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $46.20, for a total transaction of $472,071.60. Following the transaction, the chief operating officer owned 64,740 shares of the company's stock, valued at $2,990,988. The trade was a 13.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Alternative Asset Manage Solus sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $45.85, for a total transaction of $687,750.00. Following the completion of the transaction, the insider owned 2,861,796 shares in the company, valued at approximately $131,213,346.60. This represents a 0.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 40,584 shares of company stock worth $1,864,317. Corporate insiders own 12.80% of the company's stock.

Bristow Group Trading Down 3.1%

Bristow Group stock opened at $43.80 on Friday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 12.62 and a beta of 1.19. Bristow Group Inc. has a 1 year low of $35.03 and a 1 year high of $50.38. The firm's 50 day moving average price is $44.63 and its two-hundred day moving average price is $44.86. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.19). The company had revenue of $411.75 million for the quarter, compared to analyst estimates of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. On average, research analysts predict that Bristow Group Inc. will post 3.31 EPS for the current fiscal year.

Bristow Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 14th. Bristow Group's dividend payout ratio (DPR) is 14.41%.

Analyst Ratings Changes

VTOL has been the subject of a number of research analyst reports. Zacks Research upgraded Bristow Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. Wall Street Zen cut Bristow Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Bristow Group in a report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $60.00.

Bristow Group Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow's operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world's most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.

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