Texas Permanent School Fund Corp Acquires 5,268 Shares of Bristow Group Inc. (NYSE:VTOL)

Texas Permanent School Fund Corp lifted its holdings in shares of Bristow Group Inc. (NYSE:VTOL) by 25.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,123 shares of the company’s stock after acquiring an additional 5,268 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.09% of Bristow Group worth $876,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rhumbline Advisers increased its position in Bristow Group by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock valued at $2,611,000 after purchasing an additional 795 shares during the period. Quadrature Capital Ltd increased its position in shares of Bristow Group by 10.9% during the fourth quarter. Quadrature Capital Ltd now owns 15,117 shares of the company’s stock valued at $427,000 after buying an additional 1,491 shares during the period. nVerses Capital LLC bought a new position in Bristow Group in the second quarter worth about $64,000. Innealta Capital LLC purchased a new stake in Bristow Group in the second quarter worth about $74,000. Finally, Empowered Funds LLC boosted its position in Bristow Group by 8.0% during the 1st quarter. Empowered Funds LLC now owns 32,966 shares of the company’s stock valued at $897,000 after acquiring an additional 2,450 shares in the last quarter. Institutional investors own 93.29% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark increased their target price on Bristow Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th.

Bristow Group Stock Performance

Shares of VTOL stock opened at $36.00 on Friday. The company’s fifty day moving average price is $36.70 and its 200-day moving average price is $32.56. The stock has a market cap of $1.02 billion, a PE ratio of 900.00 and a beta of 1.31. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 12 month low of $24.33 and a 12 month high of $41.50.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.96 earnings per share for the quarter. Bristow Group had a net margin of 2.27% and a return on equity of 3.79%. The business had revenue of $359.75 million for the quarter.

Insider Activity at Bristow Group

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $39.50, for a total value of $2,962,500.00. Following the sale, the insider now directly owns 3,349,005 shares of the company’s stock, valued at $132,285,697.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of Bristow Group stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $39.50, for a total value of $2,962,500.00. Following the completion of the transaction, the insider now directly owns 3,349,005 shares of the company’s stock, valued at $132,285,697.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian D. Truelove sold 3,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $37.09, for a total transaction of $111,270.00. Following the sale, the director now owns 33,504 shares in the company, valued at approximately $1,242,663.36. The disclosure for this sale can be found here. 14.90% of the stock is owned by corporate insiders.

Bristow Group Company 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.