Mackenzie Financial Corp Makes New $366,000 Investment in Bristow Group Inc. (NYSE:VTOL)

Mackenzie Financial Corp bought a new position in Bristow Group Inc. (NYSE:VTOL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,671 shares of the company's stock, valued at approximately $366,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Bristow Group by 2.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,402 shares of the company's stock worth $906,000 after purchasing an additional 723 shares in the last quarter. Western Standard LLC lifted its position in Bristow Group by 41.5% during the 4th quarter. Western Standard LLC now owns 563,318 shares of the company's stock worth $19,322,000 after buying an additional 165,318 shares in the last quarter. Taconic Capital Advisors LP grew its holdings in Bristow Group by 4.9% during the 4th quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company's stock worth $37,659,000 after acquiring an additional 50,900 shares during the last quarter. State of Wyoming grew its holdings in Bristow Group by 237.3% during the 4th quarter. State of Wyoming now owns 9,088 shares of the company's stock worth $312,000 after acquiring an additional 6,394 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new stake in Bristow Group in the 4th quarter valued at about $254,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Bristow Group 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 transaction of $70,730.00. Following the completion of the sale, the director now owns 19,173 shares in the company, valued at approximately $616,411.95. The trade was a 10.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $32.08, for a total value of $316,790.00. Following the completion of the transaction, the insider now owns 3,166,821 shares in the company, valued at $101,591,617.68. This represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,175 shares of company stock valued at $390,720. 14.90% of the stock is currently owned by insiders.

Bristow Group Price Performance

Shares of VTOL stock traded up $0.70 during trading hours on Friday, reaching $30.35. 101,501 shares of the company were exchanged, compared to its average volume of 131,459. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $41.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. The stock's fifty day moving average is $29.12 and its two-hundred day moving average is $32.82. The company has a market cap of $873.23 million, a price-to-earnings ratio of 16.32 and a beta of 1.32.

Bristow Group (NYSE:VTOL - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.58 by $0.34. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The company had revenue of $350.53 million during 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.