Bristow Group Inc. (NYSE:VTOL) Stock Position Lowered by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its position in Bristow Group Inc. (NYSE:VTOL) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,035 shares of the company’s stock after selling 793 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Bristow Group worth $672,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Bristow Group by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,698,384 shares of the company’s stock worth $46,196,000 after buying an additional 6,152 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Bristow Group by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,492,128 shares of the company’s stock worth $50,031,000 after buying an additional 87,969 shares in the last quarter. American Century Companies Inc. lifted its position in Bristow Group by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 321,157 shares of the company’s stock worth $10,768,000 after buying an additional 45,738 shares in the last quarter. Clayton Partners LLC lifted its position in Bristow Group by 4.7% in the 4th quarter. Clayton Partners LLC now owns 294,691 shares of the company’s stock worth $8,331,000 after buying an additional 13,145 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Bristow Group by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 185,104 shares of the company’s stock worth $6,207,000 after buying an additional 5,402 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark increased their target price on shares of 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 opened at $35.58 on Tuesday. The company’s fifty day moving average is $36.49 and its 200-day moving average is $33.33. Bristow Group Inc. has a 12 month low of $24.33 and a 12 month high of $41.50. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 898.50 and a beta of 1.30. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 0.68.

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

Insiders Place Their Bets

In other news, Director Brian D. Truelove sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $37.09, for a total transaction of $111,270.00. Following the completion of the transaction, the director now directly owns 33,504 shares of the company’s stock, valued at approximately $1,242,663.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the business’s 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 approximately $132,285,697.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brian D. Truelove sold 3,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $37.09, for a total transaction of $111,270.00. Following the completion of the transaction, the director now directly owns 33,504 shares of the company’s stock, valued at approximately $1,242,663.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.90% of the company’s stock.

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.