Franklin Resources Inc. Takes $572,000 Position in Bristow Group Inc. (NYSE:VTOL)

Franklin Resources Inc. acquired a new position in shares of Bristow Group Inc. (NYSE:VTOL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,698 shares of the company’s stock, valued at approximately $572,000. Franklin Resources Inc. owned 0.06% of Bristow Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VTOL. Barclays PLC grew its holdings in Bristow Group by 287.1% in the 3rd quarter. Barclays PLC now owns 37,691 shares of the company’s stock valued at $1,308,000 after buying an additional 27,953 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Bristow Group by 2.4% in the third quarter. Geode Capital Management LLC now owns 563,014 shares of the company’s stock worth $19,535,000 after acquiring an additional 13,320 shares during the last quarter. Jane Street Group LLC increased its position in Bristow Group by 19.3% during the third quarter. Jane Street Group LLC now owns 22,875 shares of the company’s stock worth $794,000 after acquiring an additional 3,696 shares during the period. Western Standard LLC raised its stake in Bristow Group by 8.0% during the 3rd quarter. Western Standard LLC now owns 398,000 shares of the company’s stock valued at $13,807,000 after purchasing an additional 29,600 shares during the last quarter. Finally, State Street Corp boosted its holdings in Bristow Group by 2.1% in the 3rd quarter. State Street Corp now owns 937,527 shares of the company’s stock valued at $32,523,000 after purchasing an additional 19,317 shares during the period. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Alternative Asset Manage Solus sold 45,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $36.20, for a total value of $1,629,000.00. Following the completion of the transaction, the insider now owns 3,231,203 shares of the company’s stock, valued at $116,969,548.60. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 94,858 shares of company stock valued at $3,527,946 over the last ninety days. 14.90% of the stock is owned by company insiders.

Bristow Group Stock Performance

NYSE VTOL opened at $33.60 on Tuesday. The company’s fifty day moving average is $35.53 and its two-hundred day moving average is $35.51. The firm has a market capitalization of $961.90 million, a price-to-earnings ratio of 18.06 and a beta of 1.34. 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 Inc. has a 52-week low of $24.33 and a 52-week high of $41.50.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings results 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. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The firm had revenue of $365.12 million for the quarter. During the same quarter in the prior year, the firm earned $0.41 earnings per share.

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.