Readystate Asset Management LP acquired a new stake in Bristow Group Inc. (NYSE:VTOL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,537 shares of the company's stock, valued at approximately $522,000. Readystate Asset Management LP owned 0.06% of Bristow Group as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the company. Western Standard LLC lifted its position in shares of 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 during the last quarter. Brown Advisory Inc. lifted its position in shares of Bristow Group by 17.7% during the 1st quarter. Brown Advisory Inc. now owns 1,009,740 shares of the company's stock worth $31,888,000 after buying an additional 151,784 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Bristow Group by 22.4% during the 4th quarter. American Century Companies Inc. now owns 578,940 shares of the company's stock worth $19,858,000 after buying an additional 105,834 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Bristow Group by 115.6% during the 4th quarter. JPMorgan Chase & Co. now owns 157,978 shares of the company's stock worth $5,419,000 after buying an additional 84,721 shares during the last quarter. Finally, Hartree Partners LP purchased a new stake in shares of Bristow Group during the 4th quarter worth approximately $2,550,000. Hedge funds and other institutional investors own 93.29% of the company's stock.
Insider Transactions at Bristow Group
In other Bristow Group news, Director Lorin L. Brass sold 1,131 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $33.50, for a total transaction of $37,888.50. Following the sale, the director directly owned 31,955 shares of the company's stock, valued at $1,070,492.50. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alternative Asset Manage Solus sold 45,857 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $33.49, for a total transaction of $1,535,750.93. Following the sale, the insider directly owned 3,076,796 shares in the company, valued at $103,041,898.04. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,085 shares of company stock worth $1,576,889. 13.40% of the stock is owned by corporate insiders.
Bristow Group Stock Up 0.5%
Shares of NYSE:VTOL traded up $0.17 during trading on Thursday, hitting $36.90. 124,170 shares of the company were exchanged, compared to its average volume of 166,775. The firm's 50 day moving average price is $32.70 and its 200-day moving average price is $32.47. The stock has a market capitalization of $1.06 billion, a P/E ratio of 9.46 and a beta of 1.34. Bristow Group Inc. has a 12-month low of $25.11 and a 12-month high of $41.50. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.84 and a quick ratio of 1.47.
Bristow Group (NYSE:VTOL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.34. Bristow Group had a net margin of 8.09% and a return on equity of 12.95%. The business had revenue of $350.53 million for the quarter, compared to analysts' expectations of $353.00 million.
Bristow Group Profile
(
Free Report)
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.
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