Man Group plc Buys 9,203 Shares of Bristow Group Inc. (NYSE:VTOL)

Man Group plc increased its holdings in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 103.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,136 shares of the company's stock after purchasing an additional 9,203 shares during the period. Man Group plc owned approximately 0.06% of Bristow Group worth $622,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VTOL. American Century Companies Inc. increased its stake in Bristow Group by 22.4% during the fourth quarter. American Century Companies Inc. now owns 578,940 shares of the company's stock valued at $19,858,000 after acquiring an additional 105,834 shares during the period. Graham Capital Wealth Management LLC acquired a new position in Bristow Group during the 4th quarter worth about $2,969,000. JPMorgan Chase & Co. raised its position in Bristow Group by 115.6% in the 4th quarter. JPMorgan Chase & Co. now owns 157,978 shares of the company's stock worth $5,419,000 after purchasing an additional 84,721 shares during the last quarter. Hartree Partners LP acquired a new position in shares of Bristow Group during the fourth quarter valued at $2,550,000. Finally, Intech Investment Management LLC boosted its stake in shares of Bristow Group by 1,139.5% in the 4th quarter. Intech Investment Management LLC now owns 75,908 shares of the company's stock valued at $2,604,000 after purchasing an additional 69,784 shares during the last quarter. 93.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, 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 transaction of $316,790.00. Following the sale, the insider now owns 3,166,821 shares of the company's stock, valued at approximately $101,591,617.68. This trade represents a 0.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Maryanne Miller sold 2,200 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total value of $70,730.00. Following the completion of the sale, the director now owns 19,173 shares of the company's stock, valued at $616,411.95. This trade represents a 10.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,327 shares of company stock worth $1,049,892. Insiders own 14.90% of the company's stock.

Bristow Group Trading Down 1.5%

Shares of NYSE:VTOL traded down $0.47 during trading on Friday, hitting $29.68. 10,230 shares of the company's stock were exchanged, compared to its average volume of 142,837. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The firm has a market cap of $854.16 million, a P/E ratio of 15.96 and a beta of 1.32. The firm has a 50-day moving average price of $29.35 and a two-hundred day moving average price of $33.07. Bristow Group Inc. has a 1-year low of $25.11 and a 1-year high of $41.50.

Bristow Group (NYSE:VTOL - Get Free Report) last issued 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. The company had revenue of $350.53 million during 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.