Bristow Group Inc. (NYSE:VTOL) Position Boosted by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Bristow Group Inc. (NYSE:VTOL - Free Report) by 3,773.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,085 shares of the company's stock after buying an additional 22,489 shares during the quarter. GAMMA Investing LLC owned about 0.08% of Bristow Group worth $731,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VTOL. Principal Financial Group Inc. raised its holdings in Bristow Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 119,379 shares of the company's stock worth $4,095,000 after purchasing an additional 3,356 shares during the last quarter. Wolverine Asset Management LLC grew its position in Bristow Group by 105.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company's stock valued at $59,000 after acquiring an additional 34,400 shares during the period. Bank of New York Mellon Corp grew its position in Bristow Group by 9.5% during the fourth quarter. Bank of New York Mellon Corp now owns 177,281 shares of the company's stock valued at $6,081,000 after acquiring an additional 15,440 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Bristow Group during the fourth quarter valued at about $1,556,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Bristow Group during the fourth quarter worth about $952,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Bristow Group

In other news, major shareholder Alternative Asset Manage Solus sold 45,857 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $33.49, for a total transaction of $1,535,750.93. Following the completion of the transaction, the insider now directly owns 3,076,796 shares of the company's stock, valued at approximately $103,041,898.04. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.40% of the stock is owned by corporate insiders.

Bristow Group Stock Down 1.5%

Shares of VTOL traded down $0.49 during midday trading on Friday, reaching $33.33. 244,899 shares of the company were exchanged, compared to its average volume of 137,973. The stock has a 50-day moving average price of $30.18 and a 200-day moving average price of $32.43. The company has a market cap of $958.88 million, a price-to-earnings ratio of 8.55 and a beta of 1.32. Bristow Group Inc. has a 1-year low of $25.11 and a 1-year high of $41.50. The company has a current ratio of 1.84, a quick ratio of 1.47 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, topping the consensus estimate of $0.58 by $0.34. Bristow Group had a return on equity of 12.95% and a net margin of 8.09%. The business had revenue of $350.53 million for the quarter, compared to analysts' expectations of $353.00 million.

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.