Clayton Partners LLC Increases Holdings in Bristow Group Inc. (NYSE:VTOL)

Clayton Partners LLC raised its stake in shares of Bristow Group Inc. (NYSE:VTOL) by 25.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 434,923 shares of the company’s stock after acquiring an additional 88,742 shares during the quarter. Bristow Group makes up 11.7% of Clayton Partners LLC’s portfolio, making the stock its largest holding. Clayton Partners LLC owned about 1.53% of Bristow Group worth $14,583,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in shares of Bristow Group in the 2nd quarter worth approximately $64,000. Innealta Capital LLC acquired a new stake in shares of Bristow Group in the second quarter valued at $74,000. Perennial Advisors LLC bought a new position in shares of Bristow Group in the second quarter valued at about $235,000. Bailard Inc. acquired a new position in Bristow Group during the 2nd quarter worth about $241,000. Finally, XTX Topco Ltd bought a new stake in Bristow Group during the 2nd quarter worth about $303,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Bristow Group

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

Bristow Group Trading Down 1.2 %

VTOL stock opened at $36.00 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50. The company has a market cap of $1.02 billion, a P/E ratio of 900.00 and a beta of 1.31. The business has a fifty day moving average of $36.70 and a 200-day moving average of $32.56.

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

Bristow Group Company 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.