Principal Financial Group Inc. Has $4.10 Million Stake in Bristow Group Inc. (NYSE:VTOL)

Principal Financial Group Inc. lifted its stake in Bristow Group Inc. (NYSE:VTOL) by 2.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 119,379 shares of the company’s stock after acquiring an additional 3,356 shares during the period. Principal Financial Group Inc. owned 0.42% of Bristow Group worth $4,095,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in Bristow Group by 127.5% during the fourth quarter. Empowered Funds LLC now owns 84,982 shares of the company’s stock valued at $2,915,000 after purchasing an additional 47,620 shares during the last quarter. Graham Capital Wealth Management LLC bought a new stake in shares of Bristow Group during the 4th quarter worth $2,969,000. JPMorgan Chase & Co. grew its stake in Bristow Group by 26.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,257 shares of the company’s stock valued at $2,541,000 after buying an additional 15,139 shares during the last quarter. Franklin Resources Inc. bought a new position in Bristow Group in the 3rd quarter worth $572,000. Finally, Barclays PLC lifted its position in Bristow Group by 287.1% during the 3rd quarter. Barclays PLC now owns 37,691 shares of the company’s stock worth $1,308,000 after acquiring an additional 27,953 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Lorin L. Brass sold 2,700 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the transaction, the director now owns 28,104 shares in the company, valued at approximately $1,039,848. The trade was a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 14.90% of the stock is owned by company insiders.

Bristow Group Stock Down 7.7 %

VTOL stock opened at $34.17 on Tuesday. The stock has a market capitalization of $978.22 million, a price-to-earnings ratio of 18.37 and a beta of 1.35. The company has a 50-day moving average of $35.28 and a two-hundred day moving average of $35.66. Bristow Group Inc. has a 52-week low of $24.33 and a 52-week high of $41.50. 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 quarterly earnings data on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.46. The business had revenue of $353.53 million during the quarter, compared to analysts’ expectations of $367.00 million. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%.

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.