Bristow Group Inc. (NYSE:VTOL) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its position in Bristow Group Inc. (NYSE:VTOL - Free Report) by 7.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 263,861 shares of the company's stock after purchasing an additional 18,431 shares during the period. Northern Trust Corp owned about 0.92% of Bristow Group worth $9,050,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC raised its position in shares of Bristow Group by 795.5% during the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock worth $27,000 after purchasing an additional 700 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Bristow Group during the fourth quarter worth $34,000. Wolverine Asset Management LLC raised its holdings in shares of Bristow Group by 105.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company's stock worth $59,000 after acquiring an additional 34,400 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Bristow Group in the fourth quarter valued at $142,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Bristow Group by 18.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,561 shares of the company's stock valued at $328,000 after acquiring an additional 1,502 shares during the last quarter. Hedge funds and other institutional investors own 93.29% of the company's stock.

Insiders Place Their Bets

In other news, Director Lorin L. Brass sold 2,700 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the transaction, the director now owns 28,104 shares of the company's stock, valued at $1,039,848. This represents a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $32.71, for a total transaction of $386,926.59. Following the completion of the sale, the insider now directly owns 3,176,796 shares in the company, valued at $103,912,997.16. This represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,027 shares of company stock valued at $1,149,792 in the last quarter. 14.90% of the stock is currently owned by company insiders.

Bristow Group Price Performance

Bristow Group stock traded down $0.47 during midday trading on Thursday, reaching $28.70. 158,932 shares of the company were exchanged, compared to its average volume of 128,707. The firm's 50-day simple moving average is $29.64 and its 200-day simple moving average is $33.37. Bristow Group Inc. has a 1 year low of $25.11 and a 1 year high of $41.50. The company has a market capitalization of $825.70 million, a price-to-earnings ratio of 15.43 and a beta of 1.32. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83.

Bristow Group (NYSE:VTOL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.34. The business had revenue of $350.53 million during the quarter, compared to the consensus estimate of $353.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

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.