Donald Smith & CO. Inc. Boosts Stake in Bristow Group Inc. (NYSE:VTOL)

Key Points

• Donald Smith & CO. Inc. increased its stake in Bristow Group Inc. by 28.7%, owning 118,027 shares worth approximately $3.73 million after purchasing an additional 26,292 shares in the 1st quarter.
• Other institutional investors have also increased their holdings, with JPMorgan Chase & Co. raising its stake by 115.6% during the 4th quarter.
• Bristow Group reported an EPS of $1.07 for the quarter, exceeding analyst estimates by $0.31, despite a revenue that slightly underperformed at $376.43 million.

Donald Smith & CO. Inc. lifted its stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 28.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,027 shares of the company's stock after purchasing an additional 26,292 shares during the period. Donald Smith & CO. Inc. owned about 0.41% of Bristow Group worth $3,727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC increased its position in shares of Bristow Group by 795.5% during 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. Federated Hermes Inc. boosted its holdings in Bristow Group by 74.7% in the 1st quarter. Federated Hermes Inc. now owns 912 shares of the company's stock valued at $29,000 after purchasing an additional 390 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Bristow Group in the 4th quarter valued at approximately $34,000. BNP Paribas Financial Markets purchased a new stake in Bristow Group in the 4th quarter valued at approximately $118,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Bristow Group during the 4th quarter worth approximately $142,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Bristow Group Price Performance

Shares of NYSE:VTOL traded up $0.36 during trading on Wednesday, hitting $38.56. 26,535 shares of the stock were exchanged, compared to its average volume of 162,504. Bristow Group Inc. has a 12-month low of $25.11 and a 12-month high of $39.91. The company has a current ratio of 1.81, a quick ratio of 1.44 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average price of $34.44 and a two-hundred day moving average price of $32.50. The company has a market cap of $1.11 billion, a PE ratio of 9.62 and a beta of 1.32.

Bristow Group (NYSE:VTOL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.31. The company had revenue of $376.43 million during the quarter, compared to the consensus estimate of $380.00 million. Bristow Group had a return on equity of 12.86% and a net margin of 8.24%.

Insider Activity

In related news, COO Stuart Stavley sold 10,000 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $37.10, for a total transaction of $371,000.00. Following the completion of the sale, the chief operating officer directly owned 78,947 shares of the company's stock, valued at approximately $2,928,933.70. This represents a 11.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jennifer Dawn Whalen sold 5,000 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $37.55, for a total transaction of $187,750.00. Following the sale, the chief financial officer directly owned 94,203 shares of the company's stock, valued at approximately $3,537,322.65. This trade represents a 5.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,866 shares of company stock worth $2,798,926 in the last quarter. Insiders own 13.40% of the company's stock.

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.