Citigroup Inc. Has $306,000 Stake in Bristow Group Inc. (NYSE:VTOL)

Citigroup Inc. trimmed its position in shares of Bristow Group Inc. (NYSE:VTOLFree Report) by 37.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,859 shares of the company’s stock after selling 6,459 shares during the period. Citigroup Inc.’s holdings in Bristow Group were worth $306,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VTOL. Steward Partners Investment Advisory LLC acquired a new stake in Bristow Group during the first quarter worth about $25,000. Qube Research & Technologies Ltd acquired a new stake in shares of Bristow Group in the 3rd quarter valued at approximately $29,000. PNC Financial Services Group Inc. boosted its stake in shares of Bristow Group by 94.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,508 shares of the company’s stock valued at $43,000 after purchasing an additional 734 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Bristow Group by 132.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,910 shares of the company’s stock valued at $45,000 after purchasing an additional 1,090 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Bristow Group by 4,588.4% in the 3rd quarter. UBS Group AG now owns 2,016 shares of the company’s stock valued at $47,000 after purchasing an additional 1,973 shares in the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Bristow Group Trading Down 1.3 %

VTOL opened at $26.00 on Wednesday. The company’s 50 day moving average is $26.60 and its 200-day moving average is $26.98. Bristow Group Inc. has a 1-year low of $20.08 and a 1-year high of $31.89. The company has a current ratio of 1.82, a quick ratio of 1.50 and a debt-to-equity ratio of 0.65. The company has a market cap of $736.18 million, a P/E ratio of -108.31 and a beta of 1.33.

Bristow Group (NYSE:VTOLGet Free Report) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($0.28) earnings per share for the quarter. Bristow Group had a negative net margin of 0.52% and a negative return on equity of 0.84%. The company had revenue of $337.93 million during the quarter.

Insider Activity

In related news, EVP David F. Stepanek sold 9,033 shares of Bristow Group stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $26.13, for a total transaction of $236,032.29. Following the sale, the executive vice president now directly owns 46,878 shares in the company, valued at approximately $1,224,922.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 15.00% of the stock is currently owned by corporate insiders.

Bristow Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Bristow Group (NYSE:VTOL)

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