Charles Schwab Investment Management Inc. Increases Stock Position in Bristow Group Inc. (NYSE:VTOL)

Charles Schwab Investment Management Inc. increased its position in shares of Bristow Group Inc. (NYSE:VTOL) by 17.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 278,138 shares of the company’s stock after buying an additional 41,095 shares during the period. Charles Schwab Investment Management Inc. owned 0.97% of Bristow Group worth $9,540,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC boosted its holdings in 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 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 $212,000. Quest Partners LLC raised 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 period. ClearAlpha Technologies LP acquired a new position in Bristow Group during the third quarter worth $250,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Bristow Group during the third quarter worth $298,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

Bristow Group Stock Performance

NYSE:VTOL opened at $31.38 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. The company has a fifty day moving average of $34.54 and a two-hundred day moving average of $35.05. The stock has a market capitalization of $898.50 million, a PE ratio of 16.87 and a beta of 1.39. Bristow Group Inc. has a fifty-two week low of $24.33 and a fifty-two week high of $41.50.

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 analysts’ consensus estimates of $0.61 by $0.46. The company had revenue of $353.53 million during the quarter, compared to analysts’ expectations of $367.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

Insiders Place Their Bets

In other news, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.71, for a total value of $272,245.33. Following the completion of the sale, the insider now directly owns 3,188,625 shares in the company, valued at $104,299,923.75. This represents a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Maryanne Miller sold 2,200 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total transaction of $70,730.00. Following the completion of the sale, the director now owns 19,173 shares of the company’s stock, valued at $616,411.95. This trade represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,027 shares of company stock worth $1,149,792. Company insiders own 14.90% of the company’s stock.

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.