Mackenzie Financial Corp Purchases Shares of 10,671 Bristow Group Inc. (NYSE:VTOL)

Mackenzie Financial Corp purchased a new stake in Bristow Group Inc. (NYSE:VTOL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,671 shares of the company's stock, valued at approximately $366,000.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in Bristow Group by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 119,379 shares of the company's stock valued at $4,095,000 after purchasing an additional 3,356 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Bristow Group in the fourth quarter valued at approximately $697,000. Nuveen Asset Management LLC increased its stake in shares of Bristow Group by 17.3% in the fourth quarter. Nuveen Asset Management LLC now owns 75,121 shares of the company's stock valued at $2,577,000 after buying an additional 11,061 shares during the period. American Century Companies Inc. raised its holdings in Bristow Group by 22.4% in the 4th quarter. American Century Companies Inc. now owns 578,940 shares of the company's stock valued at $19,858,000 after buying an additional 105,834 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Bristow Group during the 4th quarter worth approximately $952,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bristow Group

In other news, Director Maryanne Miller sold 2,200 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total value of $70,730.00. Following the sale, the director now directly owns 19,173 shares of the company's stock, valued at approximately $616,411.95. This represents a 10.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 9,875 shares of Bristow Group stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $32.08, for a total transaction of $316,790.00. Following the transaction, the insider now directly owns 3,166,821 shares of the company's stock, valued at $101,591,617.68. This represents a 0.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,175 shares of company stock worth $390,720. Insiders own 14.90% of the company's stock.

Bristow Group Trading Up 2.4%

VTOL traded up $0.70 during trading on Friday, reaching $30.35. 101,501 shares of the company's stock were exchanged, compared to its average volume of 131,754. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a one year low of $25.11 and a one year high of $41.50. The firm has a fifty day moving average price of $29.08 and a two-hundred day moving average price of $32.71. The stock has a market capitalization of $873.23 million, a PE ratio of 16.32 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 for the quarter, topping the consensus estimate of $0.58 by $0.34. The company had revenue of $350.53 million for the quarter, compared to analysts' expectations of $353.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

About Bristow Group

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.