Bristow Group Inc. (NYSE:VTOL) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in shares of Bristow Group Inc. (NYSE:VTOL) by 9.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177,281 shares of the company’s stock after purchasing an additional 15,440 shares during the period. Bank of New York Mellon Corp owned about 0.62% of Bristow Group worth $6,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VTOL. Wolverine Asset Management LLC increased its holdings in Bristow Group by 105.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock valued at $59,000 after buying an additional 34,400 shares in the last quarter. Intech Investment Management LLC acquired a new position in Bristow Group during the third quarter worth about $212,000. Quest Partners LLC boosted its position in Bristow Group by 32.7% during the third quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock worth $213,000 after acquiring an additional 1,511 shares during the last quarter. ClearAlpha Technologies LP acquired a new position in Bristow Group in the 3rd quarter valued at about $250,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Bristow Group in the 3rd quarter valued at about $298,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Bristow Group Stock Performance

NYSE:VTOL opened at $31.36 on Monday. The company’s 50-day moving average is $34.89 and its two-hundred day moving average is $35.29. 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 Inc. has a 1-year low of $24.33 and a 1-year high of $41.50. The firm has a market capitalization of $897.90 million, a price-to-earnings ratio of 16.86 and a beta of 1.39.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.61 by $0.46. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The firm had revenue of $353.53 million for the quarter, compared to analyst estimates of $367.00 million.

Insider Buying and Selling

In related news, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $32.71, for a total value of $386,926.59. Following the transaction, the insider now directly owns 3,176,796 shares of the company’s stock, valued at $103,912,997.16. This trade represents a 0.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lorin L. Brass sold 2,700 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the transaction, the director now directly owns 28,104 shares in the company, valued at $1,039,848. This trade represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,952 shares of company stock valued at $762,272 in the last ninety days. Company 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.