Stifel Financial Corp Takes Position in Bristow Group Inc. (NYSE:VTOL)

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

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC grew its stake in shares of Bristow Group by 795.5% in the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock worth $27,000 after purchasing an additional 700 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Bristow Group in the 4th quarter worth $34,000. Wolverine Asset Management LLC boosted its holdings in Bristow Group by 105.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company's stock worth $59,000 after buying an additional 34,400 shares in the last quarter. Counterpoint Mutual Funds LLC raised its position in shares of Bristow Group by 82.8% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 11,637 shares of the company's stock worth $399,000 after purchasing an additional 5,270 shares during the period. Finally, Birnam Oak Advisors LP purchased a new position in shares of Bristow Group in the fourth quarter worth approximately $468,000. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Bristow Group Stock Performance

VTOL traded up $0.52 during midday trading on Monday, reaching $30.23. The company's stock had a trading volume of 280,999 shares, compared to its average volume of 131,612. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $41.50. The stock has a market cap of $869.87 million, a P/E ratio of 16.25 and a beta of 1.32. The company has a fifty day simple moving average of $29.97 and a 200 day simple moving average of $33.58. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.34. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The company had revenue of $350.53 million for the quarter, compared to analyst estimates of $353.00 million.

Insider Activity at Bristow Group

In other news, Director Lorin L. Brass sold 2,700 shares of Bristow Group stock in a transaction on Friday, February 28th. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the sale, the director now owns 28,104 shares of the company's stock, valued at approximately $1,039,848. This trade represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.71, for a total value of $272,245.33. Following the completion of the transaction, the insider now directly owns 3,188,625 shares of the company's stock, valued at $104,299,923.75. This represents a 0.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,027 shares of company stock valued at $1,149,792 over the last quarter. Corporate insiders own 14.90% 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.