Voya Investment Management LLC Buys 10,042 Shares of Bristow Group Inc. (NYSE:VTOL)

Voya Investment Management LLC raised its position in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 28.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,803 shares of the company's stock after buying an additional 10,042 shares during the period. Voya Investment Management LLC owned about 0.16% of Bristow Group worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC increased its position in Bristow Group by 795.5% in the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock valued at $27,000 after acquiring an additional 700 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Bristow Group in the 4th quarter valued at $34,000. Wolverine Asset Management LLC increased its stake in shares of Bristow Group by 105.3% in the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company's stock valued at $59,000 after buying an additional 34,400 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Bristow Group by 18.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,561 shares of the company's stock valued at $328,000 after acquiring an additional 1,502 shares during the period. Finally, Fayez Sarofim & Co acquired a new stake in Bristow Group in the fourth quarter worth about $343,000. Institutional investors own 93.29% of the company's stock.

Bristow Group Trading Up 3.5 %

Bristow Group stock traded up $1.01 during trading hours on Friday, reaching $29.74. 273,798 shares of the company's stock traded hands, compared to its average volume of 131,012. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $41.50. The firm's 50 day moving average is $29.97 and its 200-day moving average is $33.59. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. The firm has a market capitalization of $855.77 million, a price-to-earnings ratio of 15.99 and a beta of 1.32.

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, beating the consensus estimate of $0.58 by $0.34. The business had revenue of $350.53 million for the quarter, compared to analyst estimates of $353.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

Insider Activity at Bristow Group

In related news, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $32.71, for a total transaction of $386,926.59. Following the completion of the transaction, the insider now owns 3,176,796 shares in the company, valued at approximately $103,912,997.16. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lorin L. Brass sold 2,700 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 28,104 shares of the company's stock, valued at $1,039,848. The trade was a 8.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,027 shares of company stock worth $1,149,792. 14.90% of the stock is owned by insiders.

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.