Empowered Funds LLC Takes Position in Bristow Group Inc. $VTOL

Empowered Funds LLC purchased a new position in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 152,216 shares of the company's stock, valued at approximately $6,290,000. Empowered Funds LLC owned 0.51% of Bristow Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in Bristow Group in the second quarter valued at about $25,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Bristow Group in the 2nd quarter valued at approximately $27,000. Clearstead Advisors LLC raised its stake in shares of Bristow Group by 1,450.7% in the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company's stock valued at $39,000 after acquiring an additional 1,001 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Bristow Group by 1,645.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company's stock worth $41,000 after acquiring an additional 1,053 shares during the last quarter. Finally, Allworth Financial LP acquired a new position in shares of Bristow Group in the 2nd quarter worth approximately $43,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 value of $472,071.60. Following the completion of the transaction, the chief operating officer owned 64,740 shares in the company, valued at approximately $2,990,988. This trade represents a 13.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lorin L. Brass sold 1,890 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $46.56, for a total value of $87,998.40. Following the transaction, the director directly owned 18,873 shares of the company's stock, valued at approximately $878,726.88. This represents a 9.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,148 shares of company stock worth $608,365. 12.80% of the stock is owned by company insiders.

Bristow Group Price Performance

Bristow Group stock opened at $43.63 on Monday. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. Bristow Group Inc. has a 52-week low of $35.03 and a 52-week high of $50.38. The firm has a market cap of $1.29 billion, a PE ratio of 12.57 and a beta of 1.22. The company's 50 day moving average is $44.38 and its two-hundred day moving average is $44.85.

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

Bristow Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 14th. Bristow Group's payout ratio is presently 14.41%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Bristow Group from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Zacks Research upgraded Bristow Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bristow Group in a research note on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

Bristow Group Company 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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