Intech Investment Management LLC Grows Position in Bristow Group Inc. (NYSE:VTOL)

Intech Investment Management LLC grew its stake in shares of Bristow Group Inc. (NYSE:VTOL) by 1,139.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 75,908 shares of the company’s stock after acquiring an additional 69,784 shares during the quarter. Intech Investment Management LLC’s holdings in Bristow Group were worth $2,604,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of VTOL. State Street Corp boosted its holdings in shares of Bristow Group by 2.1% during the third quarter. State Street Corp now owns 937,527 shares of the company’s stock worth $32,523,000 after purchasing an additional 19,317 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Bristow Group by 2.4% during the third quarter. Geode Capital Management LLC now owns 563,014 shares of the company’s stock worth $19,535,000 after purchasing an additional 13,320 shares during the last quarter. Clayton Partners LLC boosted its holdings in shares of Bristow Group by 0.5% during the fourth quarter. Clayton Partners LLC now owns 448,352 shares of the company’s stock worth $15,378,000 after purchasing an additional 2,206 shares during the last quarter. Western Standard LLC boosted its holdings in shares of Bristow Group by 8.0% during the third quarter. Western Standard LLC now owns 398,000 shares of the company’s stock worth $13,807,000 after purchasing an additional 29,600 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Bristow Group by 17.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 278,138 shares of the company’s stock worth $9,540,000 after purchasing an additional 41,095 shares during the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Bristow Group Price Performance

VTOL stock opened at $31.95 on Thursday. Bristow Group Inc. has a 52-week low of $24.33 and a 52-week high of $41.50. The stock’s fifty day simple moving average is $34.67 and its 200-day simple moving average is $35.16. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $914.71 million, a price-to-earnings ratio of 17.18 and a beta of 1.39.

Bristow Group (NYSE:VTOL) last issued its earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.46. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The firm had revenue of $353.53 million for the quarter, compared to analysts’ expectations of $367.00 million.

Insider Activity at Bristow Group

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.71, for a total value of $272,245.33. Following the transaction, the insider now directly owns 3,188,625 shares of the company’s stock, valued at $104,299,923.75. This trade represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lorin L. Brass sold 2,700 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the transaction, the director now directly owns 28,104 shares in the company, valued at $1,039,848. This trade represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,952 shares of company stock worth $762,272. 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.