Principal Financial Group Inc. Sells 3,067 Shares of Bristow Group Inc. (NYSE:VTOL)

Principal Financial Group Inc. decreased its holdings in Bristow Group Inc. (NYSE:VTOL) by 2.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 116,023 shares of the company’s stock after selling 3,067 shares during the period. Principal Financial Group Inc. owned approximately 0.41% of Bristow Group worth $4,025,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in Bristow Group by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock valued at $315,000 after buying an additional 620 shares during the period. Rhumbline Advisers increased its holdings 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. New York State Teachers Retirement System raised its position in Bristow Group by 5.7% during the 3rd quarter. New York State Teachers Retirement System now owns 16,683 shares of the company’s stock valued at $579,000 after purchasing an additional 900 shares during the last quarter. nVerses Capital LLC purchased a new stake in Bristow Group in the 2nd quarter worth approximately $64,000. Finally, Susquehanna Fundamental Investments LLC grew its position in shares of Bristow Group by 13.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 17,216 shares of the company’s stock worth $577,000 after buying an additional 1,978 shares during the last quarter. Institutional investors own 93.29% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, major shareholder Alternative Asset Manage Solus sold 42,150 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $38.10, for a total value of $1,605,915.00. Following the sale, the insider now owns 3,306,855 shares in the company, valued at $125,991,175.50. This represents a 1.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 165,603 shares of company stock worth $6,328,671. 14.90% of the stock is owned by corporate insiders.

Bristow Group Price Performance

Shares of NYSE VTOL opened at $37.99 on Friday. Bristow Group Inc. has a 1 year low of $24.33 and a 1 year high of $41.50. The stock has a market capitalization of $1.09 billion, a P/E ratio of 20.42 and a beta of 1.31. The company’s 50-day moving average is $35.34 and its 200 day moving average is $35.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49.

Bristow Group (NYSE:VTOL) last posted its earnings results on Tuesday, November 5th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.34. The firm had revenue of $365.12 million for the quarter. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. During the same quarter last year, the company posted $0.41 EPS.

Bristow Group 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.