Wellington Management Group LLP Sells 26,500 Shares of Bristow Group Inc. (NYSE:VTOL)

Wellington Management Group LLP reduced its holdings in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 551,310 shares of the company's stock after selling 26,500 shares during the period. Wellington Management Group LLP owned 1.93% of Bristow Group worth $18,910,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Bristow Group by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 119,379 shares of the company's stock worth $4,095,000 after buying an additional 3,356 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Bristow Group in the fourth quarter worth about $697,000. American Century Companies Inc. raised its holdings in Bristow Group by 22.4% in the fourth 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. Proficio Capital Partners LLC purchased a new position in Bristow Group in the fourth quarter worth about $952,000. Finally, Dimensional Fund Advisors LP raised its holdings in Bristow Group by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,621,027 shares of the company's stock worth $55,600,000 after buying an additional 48,852 shares during the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

Bristow Group Stock Down 0.2%

Bristow Group stock traded down $0.06 during trading hours on Thursday, hitting $29.60. The stock had a trading volume of 120,443 shares, compared to its average volume of 131,579. The stock's 50-day moving average price is $29.12 and its 200-day moving average price is $32.82. Bristow Group Inc. has a 12-month low of $25.11 and a 12-month high of $41.50. The stock has a market capitalization of $851.71 million, a P/E ratio of 15.91 and a beta of 1.32. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68.

Bristow Group (NYSE:VTOL - Get Free Report) last announced 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. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The firm had revenue of $350.53 million during the quarter, compared to analyst estimates of $353.00 million.

Insider Transactions at Bristow Group

In related news, Director Maryanne Miller sold 2,200 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total transaction of $70,730.00. Following the completion of the sale, the director now directly owns 19,173 shares in the company, valued at approximately $616,411.95. The trade was a 10.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $32.71, for a total transaction of $386,926.59. Following the sale, the insider now owns 3,176,796 shares of the company's stock, valued at $103,912,997.16. This trade represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,004 shares of company stock worth $777,647 over the last three months. 14.90% of the stock is currently owned by company insiders.

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.