Newtyn Management LLC Cuts Stake in Bristow Group Inc. (NYSE:VTOL)

Newtyn Management LLC cut its stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 42.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 323,714 shares of the company's stock after selling 237,812 shares during the quarter. Bristow Group comprises about 1.9% of Newtyn Management LLC's holdings, making the stock its 16th biggest holding. Newtyn Management LLC owned about 1.13% of Bristow Group worth $11,103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Franklin Resources Inc. purchased a new stake in shares of Bristow Group in the 3rd quarter worth about $572,000. JPMorgan Chase & Co. grew its position in shares of Bristow Group by 26.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,257 shares of the company's stock worth $2,541,000 after buying an additional 15,139 shares during the period. Graham Capital Wealth Management LLC purchased a new stake in shares of Bristow Group in the 4th quarter worth about $2,969,000. Empowered Funds LLC grew its position 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 buying an additional 47,620 shares during the period. Finally, Principal Financial Group Inc. grew its position 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 buying an additional 3,356 shares during the period. 93.29% of the stock is currently owned by institutional investors.

Insider Activity at Bristow Group

In other news, Director Maryanne Miller sold 2,200 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total transaction of $70,730.00. Following the sale, the director now owns 19,173 shares of the company's stock, 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 through this link. Also, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $32.08, for a total transaction of $316,790.00. Following the sale, the insider now directly owns 3,166,821 shares in the company, valued at approximately $101,591,617.68. The trade was a 0.31% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,027 shares of company stock valued at $1,149,792. 14.90% of the stock is owned by insiders.

Bristow Group Stock Up 0.1%

Shares of NYSE:VTOL traded up $0.02 during midday trading on Friday, reaching $29.99. The company's stock had a trading volume of 178,376 shares, compared to its average volume of 130,162. The firm has a 50 day moving average of $29.75 and a 200-day moving average of $33.45. The firm has a market capitalization of $862.96 million, a P/E ratio of 16.12 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 Inc. has a 12-month low of $25.11 and a 12-month high of $41.50.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.92 EPS for the quarter, beating 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 company had revenue of $350.53 million for the quarter, compared to the consensus estimate of $353.00 million.

Bristow Group 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.