Vanguard Group Inc. Sells 45,411 Shares of Bristow Group Inc. (NYSE:VTOL)

Vanguard Group Inc. decreased its holdings in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,657,133 shares of the company's stock after selling 45,411 shares during the quarter. Vanguard Group Inc. owned about 5.87% of Bristow Group worth $46,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. lifted its stake in Bristow Group by 0.6% in the first quarter. BlackRock Inc. now owns 3,745,175 shares of the company's stock valued at $138,871,000 after buying an additional 22,633 shares during the period. State Street Corp raised its position in shares of Bristow Group by 3.9% in the 1st quarter. State Street Corp now owns 918,705 shares of the company's stock valued at $20,579,000 after acquiring an additional 34,507 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Bristow Group by 12.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 791,366 shares of the company's stock valued at $17,726,000 after acquiring an additional 88,199 shares during the period. Newtyn Management LLC boosted its stake in Bristow Group by 2.8% during the 3rd quarter. Newtyn Management LLC now owns 692,896 shares of the company's stock worth $19,519,000 after acquiring an additional 18,626 shares during the last quarter. Finally, Western Standard LLC grew its holdings in Bristow Group by 48.4% during the second quarter. Western Standard LLC now owns 682,532 shares of the company's stock valued at $19,609,000 after purchasing an additional 222,637 shares during the period. 93.29% of the stock is owned by institutional investors.

Bristow Group Stock Performance

VTOL traded down $0.33 during mid-day trading on Wednesday, hitting $26.21. The stock had a trading volume of 111,097 shares, compared to its average volume of 104,878. The stock's fifty day simple moving average is $26.67 and its 200-day simple moving average is $26.91. Bristow Group Inc. has a 1-year low of $20.08 and a 1-year high of $31.89. The company has a current ratio of 1.82, a quick ratio of 1.50 and a debt-to-equity ratio of 0.65.

Bristow Group (NYSE:VTOL - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.28) EPS for the quarter. The firm 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%.

Insiders Place Their Bets

In other news, EVP David F. Stepanek sold 9,033 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $26.13, for a total transaction of $236,032.29. Following the completion of the sale, the executive vice president now owns 46,878 shares of the company's stock, valued at $1,224,922.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 15.00% of the company's stock.

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.