Bristow Group Inc. (NYSE:VTOL) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in Bristow Group Inc. (NYSE:VTOL) by 26.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,257 shares of the company’s stock after purchasing an additional 15,139 shares during the period. JPMorgan Chase & Co. owned approximately 0.26% of Bristow Group worth $2,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. The Manufacturers Life Insurance Company lifted its position in Bristow Group by 7.1% in the second 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 last quarter. Franklin Resources Inc. acquired a new position in shares of Bristow Group in the 3rd quarter worth approximately $572,000. Geode Capital Management LLC boosted its position in shares of Bristow Group by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 563,014 shares of the company’s stock worth $19,535,000 after purchasing an additional 13,320 shares during the period. Empyrean Capital Partners LP increased its holdings in Bristow Group by 9.0% in the 2nd quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company’s stock valued at $37,554,000 after purchasing an additional 92,086 shares during the last quarter. Finally, Barclays PLC lifted its stake in Bristow Group by 287.1% during the third quarter. Barclays PLC now owns 37,691 shares of the company’s stock worth $1,308,000 after purchasing an additional 27,953 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Bristow Group Trading Up 0.5 %

Shares of NYSE VTOL opened at $36.52 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $1.05 billion, a PE ratio of 19.63 and a beta of 1.35. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50. The stock has a fifty day simple moving average of $35.73 and a 200-day simple moving average of $35.74.

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, topping the consensus estimate 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 prior year, the company posted $0.41 EPS.

Insiders Place Their Bets

In related news, major shareholder Alternative Asset Manage Solus sold 4,255 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $38.02, for a total transaction of $161,775.10. Following the sale, the insider now directly owns 3,226,948 shares in the company, valued at approximately $122,688,562.96. This represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 94,858 shares of company stock worth $3,527,946 over the last 90 days. Corporate 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.