Charles Schwab Investment Management Inc. Increases Position in Bristow Group Inc. (NYSE:VTOL)

Charles Schwab Investment Management Inc. lifted its holdings in Bristow Group Inc. (NYSE:VTOL) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 237,043 shares of the company’s stock after buying an additional 674 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.83% of Bristow Group worth $8,223,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VTOL. nVerses Capital LLC purchased a new position in Bristow Group in the second quarter valued at approximately $64,000. Innealta Capital LLC purchased a new position in Bristow Group in the second quarter valued at approximately $74,000. Abner Herrman & Brock LLC purchased a new position in Bristow Group in the third quarter valued at approximately $201,000. Intech Investment Management LLC bought a new stake in Bristow Group during the 3rd quarter valued at $212,000. Finally, Quest Partners LLC raised its holdings in Bristow Group by 32.7% during the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock valued at $213,000 after acquiring an additional 1,511 shares during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Bristow Group Trading Up 4.7 %

Shares of VTOL stock opened at $36.25 on Wednesday. The company’s fifty day simple moving average is $35.74 and its two-hundred day simple moving average is $35.55. 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 Inc. has a 1 year low of $24.33 and a 1 year high of $41.50. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 19.49 and a beta of 1.34.

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

Insider Transactions at Bristow Group

In related news, major shareholder Alternative Asset Manage Solus sold 4,255 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $38.02, for a total value of $161,775.10. Following the transaction, the insider now owns 3,226,948 shares of the company’s stock, valued at $122,688,562.96. This represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 94,858 shares of company stock valued at $3,527,946. 14.90% of the stock is currently owned by company 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.