Bristow Group Inc. (NYSE:VTOL) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in shares of Bristow Group Inc. (NYSE:VTOL) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 71,918 shares of the company’s stock after selling 932 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Bristow Group were worth $2,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Swiss National Bank lifted its position in Bristow Group by 7.1% in the first quarter. Swiss National Bank now owns 16,700 shares of the company’s stock worth $619,000 after purchasing an additional 1,100 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Bristow Group by 293.4% in the 1st quarter. JPMorgan Chase & Co. now owns 183,280 shares of the company’s stock worth $6,796,000 after buying an additional 136,686 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Bristow Group by 10.8% in the first quarter. Citigroup Inc. now owns 19,598 shares of the company’s stock valued at $727,000 after buying an additional 1,906 shares during the period. Bank of Montreal Can bought a new position in Bristow Group during the first quarter valued at about $226,000. Finally, MetLife Investment Management LLC grew its holdings in Bristow Group by 57.0% during the first quarter. MetLife Investment Management LLC now owns 13,043 shares of the company’s stock worth $484,000 after acquiring an additional 4,735 shares during the period. Institutional investors own 93.29% of the company’s stock.

Bristow Group Price Performance

Shares of NYSE VTOL opened at $25.30 on Monday. The company has a market capitalization of $716.42 million, a price-to-earnings ratio of -105.42 and a beta of 1.33. Bristow Group Inc. has a twelve month low of $20.08 and a twelve month 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 firm has a 50-day moving average of $26.52 and a two-hundred day moving average of $26.77.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.28) EPS for the quarter. The company had revenue of $337.93 million for the quarter. Bristow Group had a negative net margin of 0.52% and a negative return on equity of 0.84%.

Insider Activity

In related news, EVP David F. Stepanek sold 9,033 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $26.13, for a total value of $236,032.29. Following the completion of the transaction, the executive vice president now owns 46,878 shares in the company, valued at approximately $1,224,922.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 15.00% of the stock is currently owned by company insiders.

Bristow Group 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.