Bristow Group Inc. (NYSE:VTOL) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Bristow Group Inc. (NYSE:VTOL) by 16.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 321,157 shares of the company’s stock after acquiring an additional 45,738 shares during the quarter. American Century Companies Inc. owned 1.13% of Bristow Group worth $10,768,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in Bristow Group in the 2nd quarter valued at approximately $64,000. Innealta Capital LLC acquired a new stake in Bristow Group in the 2nd quarter valued at approximately $74,000. Perennial Advisors LLC acquired a new stake in Bristow Group in the 2nd quarter valued at approximately $235,000. Bailard Inc. acquired a new stake in Bristow Group in the 2nd quarter valued at approximately $241,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Bristow Group in the 1st quarter valued at approximately $414,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Bristow Group Stock Down 1.2 %

Shares of VTOL stock opened at $36.00 on Monday. Bristow Group Inc. has a 1 year low of $24.33 and a 1 year high of $41.50. The stock has a market cap of $1.02 billion, a PE ratio of 900.00 and a beta of 1.31. The business’s fifty day moving average is $36.70 and its 200-day moving average is $32.60. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.53 and a current ratio of 1.86.

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

Insider Activity

In related news, Director Brian D. Truelove sold 3,000 shares of Bristow Group stock in a transaction on Friday, August 9th. The stock was sold at an average price of $37.09, for a total value of $111,270.00. Following the transaction, the director now directly owns 33,504 shares in the company, valued at approximately $1,242,663.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian D. Truelove sold 3,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $37.09, for a total value of $111,270.00. Following the sale, the director now directly owns 33,504 shares in the company, valued at $1,242,663.36. The disclosure for this sale can be found here. 14.90% of the stock is owned by 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.