Wellington Management Group LLP Has $18.91 Million Stock Position in Bristow Group Inc. (NYSE:VTOL)

Wellington Management Group LLP lessened its holdings in Bristow Group Inc. (NYSE:VTOL - Free Report) by 4.6% during the 4th quarter, according to its most recent 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 quarter. Wellington Management Group LLP owned 1.93% of Bristow Group worth $18,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VTOL. Graham Capital Wealth Management LLC bought a new stake in Bristow Group in the 4th quarter valued at $2,969,000. Empowered Funds LLC grew its holdings in shares of Bristow Group by 127.5% in the 4th quarter. Empowered Funds LLC now owns 84,982 shares of the company's stock worth $2,915,000 after purchasing an additional 47,620 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Bristow Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 119,379 shares of the company's stock worth $4,095,000 after purchasing an additional 3,356 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Bristow Group by 105.3% in the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company's stock worth $59,000 after purchasing an additional 34,400 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Bristow Group by 9.5% in the 4th quarter. Bank of New York Mellon Corp now owns 177,281 shares of the company's stock worth $6,081,000 after purchasing an additional 15,440 shares during the last quarter. Institutional investors own 93.29% of the company's stock.

Bristow Group Price Performance

Shares of VTOL traded down $0.88 during trading hours on Wednesday, hitting $29.72. The stock had a trading volume of 55,059 shares, compared to its average volume of 131,105. The company's fifty day moving average is $29.21 and its two-hundred day moving average is $32.90. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $41.50. The stock has a market capitalization of $855.19 million, a price-to-earnings ratio of 15.98 and a beta of 1.32.

Bristow Group (NYSE:VTOL - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.34. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The business had revenue of $350.53 million for 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 stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total value of $70,730.00. Following the sale, the director now directly owns 19,173 shares in the company, valued at $616,411.95. This trade represents a 10.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the 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 completion of the sale, the insider now 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 sold a total of 24,004 shares of company stock worth $777,647 in the last quarter. 14.90% of the stock is 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.