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Bristow Group (NYSE:VTOL) Trading 7% Higher

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Bristow Group Inc. (NYSE:VTOL - Get Free Report) rose 7% during trading on Wednesday . The stock traded as high as $30.50 and last traded at $30.47. Approximately 79,639 shares traded hands during trading, a decline of 24% from the average daily volume of 104,136 shares. The stock had previously closed at $28.48.

Bristow Group Stock Performance

The company has a current ratio of 1.82, a quick ratio of 1.50 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $26.42 and a 200 day moving average price of $26.71. The firm has a market cap of $915.58 million, a PE ratio of -133.46 and a beta of 1.35.

Bristow Group (NYSE:VTOL - Get Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($0.28) earnings per share (EPS) for the quarter. The company had revenue of $337.93 million during the quarter. Bristow Group had a negative net margin of 0.52% and a negative return on equity of 0.84%.

Insider Transactions at Bristow Group

In other news, EVP David F. Stepanek sold 9,033 shares of the business's stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $26.13, for a total transaction of $236,032.29. Following the completion of the transaction, the executive vice president now directly owns 46,878 shares of the company's stock, valued at $1,224,922.14. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 15.00% of the company's stock.


Hedge Funds Weigh In On Bristow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VTOL. Quantbot Technologies LP acquired a new position in Bristow Group in the third quarter valued at approximately $137,000. Caxton Associates LP purchased a new stake in Bristow Group in the third quarter valued at approximately $238,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Bristow Group by 6.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,899 shares of the company's stock valued at $308,000 after buying an additional 634 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Bristow Group in the third quarter valued at approximately $327,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Bristow Group in the fourth quarter valued at approximately $339,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Bristow Group Company Profile

(Get Free Report)

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.

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