Victory Capital Management Inc. Invests $697,000 in Bristow Group Inc. (NYSE:VTOL)

Victory Capital Management Inc. purchased a new position in shares of Bristow Group Inc. (NYSE:VTOL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,332 shares of the company’s stock, valued at approximately $697,000. Victory Capital Management Inc. owned 0.07% of Bristow Group at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wolverine Asset Management LLC raised its position in shares of Bristow Group by 105.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock worth $59,000 after purchasing an additional 34,400 shares during the period. Intech Investment Management LLC acquired a new stake in Bristow Group in the 3rd quarter valued at approximately $212,000. Quest Partners LLC raised its position in Bristow Group by 32.7% in the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock valued at $213,000 after buying an additional 1,511 shares during the last quarter. ClearAlpha Technologies LP acquired a new stake in Bristow Group in the 3rd quarter valued at approximately $250,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Bristow Group in the 3rd quarter valued at approximately $298,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Stock Down 2.3 %

Shares of Bristow Group stock opened at $31.38 on Friday. The business’s 50 day simple moving average is $34.54 and its 200 day simple moving average is $35.08. Bristow Group Inc. has a 52-week low of $24.33 and a 52-week high of $41.50. The firm has a market cap of $898.50 million, a PE ratio of 16.87 and a beta of 1.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83.

Bristow Group (NYSE:VTOL) last announced its earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.46. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The business had revenue of $353.53 million for the quarter, compared to analyst estimates of $367.00 million.

Insider Activity at Bristow Group

In other Bristow Group news, Director Maryanne Miller sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total value of $70,730.00. Following the completion of the transaction, the director now directly owns 19,173 shares in the company, valued at $616,411.95. This trade represents a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lorin L. Brass sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the transaction, the director now owns 28,104 shares of the company’s stock, valued at approximately $1,039,848. This represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,027 shares of company stock valued at $1,149,792. 14.90% of the stock is owned by insiders.

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.