Bristow Group Inc. (NYSE:VTOL) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Bristow Group Inc. (NYSE:VTOL) by 2.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 563,014 shares of the company’s stock after buying an additional 13,320 shares during the quarter. Geode Capital Management LLC owned about 1.97% of Bristow Group worth $19,535,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VTOL. The Manufacturers Life Insurance Company increased its position in shares of Bristow Group by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock valued at $315,000 after acquiring an additional 620 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Bristow Group by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock worth $8,223,000 after purchasing an additional 674 shares during the period. Rhumbline Advisers increased its holdings in Bristow Group by 1.0% in 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 last quarter. New York State Teachers Retirement System increased its holdings in Bristow Group by 5.7% in 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. Finally, Atom Investors LP raised its position in Bristow Group by 1.5% in the third quarter. Atom Investors LP now owns 92,536 shares of the company’s stock valued at $3,210,000 after purchasing an additional 1,363 shares during the period. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bristow Group

In other news, major shareholder Alternative Asset Manage Solus sold 2,739 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $38.01, for a total transaction of $104,109.39. Following the completion of the sale, the insider now owns 3,303,356 shares in the company, valued at approximately $125,560,561.56. The trade was a 0.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 94,858 shares of company stock valued at $3,527,946 in the last quarter. Corporate insiders own 14.90% of the company’s stock.

Bristow Group Trading Down 1.7 %

VTOL opened at $33.23 on Friday. The firm has a market cap of $951.31 million, a P/E ratio of 17.87 and a beta of 1.34. Bristow Group Inc. has a 52 week low of $24.33 and a 52 week high of $41.50. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $35.53 and a 200-day simple moving average of $35.50.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.34. The business 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 in the previous year, the business posted $0.41 earnings per share.

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.