Stifel Financial Corp Acquires Shares of 30,268 Bristow Group Inc. (NYSE:VTOL)

Stifel Financial Corp purchased a new position in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,268 shares of the company's stock, valued at approximately $1,038,000. Stifel Financial Corp owned 0.11% of Bristow Group as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in VTOL. American Century Companies Inc. raised its holdings in Bristow Group by 22.4% during the fourth quarter. American Century Companies Inc. now owns 578,940 shares of the company's stock worth $19,858,000 after purchasing an additional 105,834 shares in the last quarter. Graham Capital Wealth Management LLC acquired a new stake in shares of Bristow Group during the fourth quarter worth approximately $2,969,000. JPMorgan Chase & Co. increased its holdings in shares of Bristow Group by 115.6% during the fourth quarter. JPMorgan Chase & Co. now owns 157,978 shares of the company's stock worth $5,419,000 after buying an additional 84,721 shares in the last quarter. Hartree Partners LP bought a new stake in shares of Bristow Group during the fourth quarter valued at approximately $2,550,000. Finally, Intech Investment Management LLC raised its holdings in Bristow Group by 1,139.5% in the fourth quarter. Intech Investment Management LLC now owns 75,908 shares of the company's stock worth $2,604,000 after purchasing an additional 69,784 shares during the period. 93.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Bristow Group news, Director Lorin L. Brass sold 2,700 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the transaction, the director now directly owns 28,104 shares of the company's stock, valued at approximately $1,039,848. The trade was a 8.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maryanne Miller sold 2,200 shares of the company'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 in the company, valued at $616,411.95. This represents a 10.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,027 shares of company stock valued at $1,149,792. Corporate insiders own 14.90% of the company's stock.

Bristow Group Stock Down 0.9%

Shares of NYSE:VTOL traded down $0.27 during midday trading on Wednesday, reaching $29.96. 52,160 shares of the company were exchanged, compared to its average volume of 131,155. 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 fifty-two week low of $25.11 and a fifty-two week high of $41.50. The stock has a fifty day simple moving average of $29.88 and a two-hundred day simple moving average of $33.53. The firm has a market cap of $861.96 million, a PE ratio of 16.10 and a beta of 1.32.

Bristow Group (NYSE:VTOL - Get Free Report) last issued its earnings results 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 during the quarter, compared to analysts' expectations of $353.00 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.