SG Americas Securities LLC Acquires 12,684 Shares of Bristow Group Inc. (NYSE:VTOL)

SG Americas Securities LLC boosted its position in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 244.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,870 shares of the company's stock after purchasing an additional 12,684 shares during the period. SG Americas Securities LLC owned about 0.06% of Bristow Group worth $564,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Bristow Group by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,621,027 shares of the company's stock worth $55,600,000 after purchasing an additional 48,852 shares during the period. Taconic Capital Advisors LP grew its holdings in Bristow Group by 4.9% during the fourth quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company's stock worth $37,659,000 after purchasing an additional 50,900 shares during the period. Medina Value Partners LLC grew its holdings in Bristow Group by 5.2% during the fourth quarter. Medina Value Partners LLC now owns 618,036 shares of the company's stock worth $21,199,000 after purchasing an additional 30,568 shares during the period. American Century Companies Inc. grew its holdings in Bristow Group by 22.4% during the fourth quarter. American Century Companies Inc. now owns 578,940 shares of the company's stock worth $19,858,000 after purchasing an additional 105,834 shares during the period. Finally, Western Standard LLC lifted its position in Bristow Group by 41.5% during the fourth quarter. Western Standard LLC now owns 563,318 shares of the company's stock worth $19,322,000 after acquiring an additional 165,318 shares during the last quarter. Institutional investors own 93.29% of the company's stock.

Bristow Group Stock Performance

VTOL stock traded up $0.02 during mid-day trading on Tuesday, hitting $32.03. 118,943 shares of the company were exchanged, compared to its average volume of 138,110. The business has a 50 day simple moving average of $30.26 and a 200-day simple moving average of $32.39. The company has a current ratio of 1.84, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $921.56 million, a PE ratio of 8.21 and a beta of 1.32. 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 quarterly earnings data on Tuesday, May 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.34. Bristow Group had a net margin of 8.09% and a return on equity of 12.95%. The firm had revenue of $350.53 million during the quarter, compared to the consensus estimate of $353.00 million.

Insider Activity

In other news, major shareholder Alternative Asset Manage Solus sold 45,857 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $33.49, for a total transaction of $1,535,750.93. Following the completion of the transaction, the insider now directly owns 3,076,796 shares in the company, valued at approximately $103,041,898.04. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lorin L. Brass sold 1,131 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $33.50, for a total transaction of $37,888.50. Following the transaction, the director now owns 31,955 shares of the company's stock, valued at $1,070,492.50. This trade represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,085 shares of company stock worth $1,576,889. Corporate insiders own 13.40% of the company's stock.

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.