Northern Trust Corp Boosts Stock Holdings in Bristow Group Inc. (NYSE:VTOL)

Northern Trust Corp raised its position in Bristow Group Inc. (NYSE:VTOL - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 263,861 shares of the company's stock after buying an additional 18,431 shares during the quarter. Northern Trust Corp owned approximately 0.92% of Bristow Group worth $9,050,000 as of its most recent filing with the Securities and Exchange Commission.

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

Bristow Group Price Performance

Shares of VTOL traded up $0.25 during mid-day trading on Friday, hitting $28.95. The company's stock had a trading volume of 278,205 shares, compared to its average volume of 129,290. 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 1-year low of $25.11 and a 1-year high of $41.50. The firm has a market capitalization of $833.04 million, a P/E ratio of 15.56 and a beta of 1.32. The firm has a 50-day simple moving average of $29.53 and a 200 day simple moving average of $33.27.

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 analysts' consensus estimates 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 the consensus estimate of $353.00 million.

Insider Buying and Selling

In related news, major shareholder Alternative Asset Manage Solus sold 11,829 shares of Bristow Group stock in a transaction 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 transaction, the insider now directly owns 3,176,796 shares of the company's stock, valued at approximately $103,912,997.16. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lorin L. Brass sold 2,700 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the sale, the director now directly owns 28,104 shares in the company, valued at $1,039,848. This trade represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,027 shares of company stock valued at $1,149,792. Corporate insiders own 14.90% of the company's stock.

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.