Bristow Group Inc. (NYSE:VTOL) Stake Cut by Quest Partners LLC

Quest Partners LLC decreased its position in shares of Bristow Group Inc. (NYSE:VTOL) by 72.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,627 shares of the company’s stock after selling 11,948 shares during the period. Quest Partners LLC’s holdings in Bristow Group were worth $155,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its stake in shares of Bristow Group by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 200,189 shares of the company’s stock worth $5,659,000 after purchasing an additional 8,548 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Bristow Group by 12.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,264,574 shares of the company’s stock valued at $35,750,000 after acquiring an additional 142,065 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Bristow Group by 98.7% during the fourth quarter. Brown Advisory Inc. now owns 696,582 shares of the company’s stock worth $19,692,000 after buying an additional 345,971 shares during the last quarter. Clayton Partners LLC lifted its stake in shares of Bristow Group by 4.7% in the 4th quarter. Clayton Partners LLC now owns 294,691 shares of the company’s stock valued at $8,331,000 after purchasing an additional 13,145 shares during the period. Finally, Quadrature Capital Ltd grew its position in shares of Bristow Group by 10.9% during the 4th quarter. Quadrature Capital Ltd now owns 15,117 shares of the company’s stock worth $427,000 after buying an additional 1,491 shares during the period. Institutional investors own 93.29% of the company’s stock.

Insider Activity at Bristow Group

In other news, Director Brian D. Truelove sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $37.09, for a total transaction of $111,270.00. Following the transaction, the director now directly owns 33,504 shares of the company’s stock, valued at $1,242,663.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $39.50, for a total value of $2,962,500.00. Following the completion of the sale, the insider now directly owns 3,349,005 shares in the company, valued at $132,285,697.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian D. Truelove sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $37.09, for a total value of $111,270.00. Following the completion of the sale, the director now owns 33,504 shares in the company, valued at $1,242,663.36. The disclosure for this sale can be found here. 14.90% of the stock is owned by company insiders.

Bristow Group Price Performance

Shares of VTOL opened at $34.73 on Tuesday. The company has a 50 day moving average of $36.56 and a 200-day moving average of $32.40. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $986.09 million, a P/E ratio of 868.25 and a beta of 1.31. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.96 EPS for the quarter. Bristow Group had a return on equity of 3.79% and a net margin of 2.27%. The company had revenue of $359.75 million during the quarter.

Analysts Set New Price Targets

Separately, Benchmark increased their price target on Bristow Group from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 8th.

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.