JPMorgan Chase & Co. Boosts Stake in Bristow Group Inc. (NYSE:VTOL)

JPMorgan Chase & Co. boosted its position in Bristow Group Inc. (NYSE:VTOL - Free Report) by 115.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,978 shares of the company's stock after buying an additional 84,721 shares during the period. JPMorgan Chase & Co. owned approximately 0.55% of Bristow Group worth $5,419,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. bought a new position in shares of Bristow Group in the third quarter valued at approximately $572,000. Geode Capital Management LLC raised its holdings in shares of Bristow Group by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 563,014 shares of the company's stock valued at $19,535,000 after buying an additional 13,320 shares in the last quarter. Barclays PLC raised its holdings in shares of Bristow Group by 287.1% during the 3rd quarter. Barclays PLC now owns 37,691 shares of the company's stock valued at $1,308,000 after buying an additional 27,953 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Bristow Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 119,379 shares of the company's stock valued at $4,095,000 after buying an additional 3,356 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Bristow Group during the 4th quarter valued at about $697,000. 93.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Bristow Group

In related news, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the company's stock in a transaction 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 represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Maryanne Miller sold 2,200 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was 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 of the company's stock, valued at approximately $616,411.95. The trade was a 10.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,027 shares of company stock worth $1,149,792. 14.90% of the stock is owned by corporate insiders.

Bristow Group Price Performance

Shares of NYSE VTOL traded up $0.35 during trading hours on Wednesday, reaching $28.95. 9,892 shares of the stock traded hands, compared to its average volume of 131,551. The company has a market capitalization of $828.90 million, a P/E ratio of 15.56 and a beta of 1.14. 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 Inc. has a 52-week low of $24.85 and a 52-week high of $41.50. The company's 50-day simple moving average is $31.67 and its two-hundred day simple moving average is $34.03.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.46. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The business had revenue of $353.53 million for the quarter, compared to analysts' expectations of $367.00 million.

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.