GAMMA Investing LLC Increases Stake in Bristow Group Inc. (NYSE:VTOL)

GAMMA Investing LLC increased its stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 3,773.3% during the 1st quarter, according to its most recent 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 period. GAMMA Investing LLC owned 0.08% of Bristow Group worth $731,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Bristow Group by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,983 shares of the company's stock valued at $480,000 after purchasing an additional 517 shares during the period. Sterling Capital Management LLC increased its position in Bristow Group by 795.5% during the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock valued at $27,000 after purchasing an additional 700 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Bristow Group by 2.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,402 shares of the company's stock valued at $906,000 after purchasing an additional 723 shares during the period. MetLife Investment Management LLC increased its position in Bristow Group by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 14,932 shares of the company's stock valued at $512,000 after purchasing an additional 819 shares during the period. Finally, WINTON GROUP Ltd increased its position in Bristow Group by 3.1% during the 4th quarter. WINTON GROUP Ltd now owns 31,605 shares of the company's stock valued at $1,084,000 after purchasing an additional 960 shares during the period. Hedge funds and other institutional investors own 93.29% of the company's stock.

Bristow Group Trading Up 0.1%

NYSE VTOL opened at $34.16 on Wednesday. The company's 50-day simple moving average is $29.81 and its two-hundred day simple moving average is $32.51. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 1.84. Bristow Group Inc. has a one year low of $25.11 and a one year high of $41.50. The company has a market capitalization of $982.78 million, a price-to-earnings ratio of 8.76 and a beta of 1.32.

Bristow Group (NYSE:VTOL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.34. Bristow Group had a net margin of 8.09% and a return on equity of 12.95%. The firm had revenue of $350.53 million for the quarter, compared to the consensus estimate of $353.00 million.

Insider Buying and Selling

In related news, major shareholder Alternative Asset Manage Solus sold 45,857 shares of Bristow Group stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $33.49, for a total value of $1,535,750.93. Following the completion of the sale, the insider now directly owns 3,076,796 shares in the company, valued at $103,041,898.04. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.40% of the stock is owned by company insiders.

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.

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