Bristow Group Inc. (NYSE:VTOL) Shares Purchased by State Street Corp

State Street Corp raised its stake in Bristow Group Inc. (NYSE:VTOL) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 937,527 shares of the company’s stock after acquiring an additional 19,317 shares during the period. State Street Corp owned 3.27% of Bristow Group worth $32,523,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in VTOL. nVerses Capital LLC bought a new stake in shares of Bristow Group in the 2nd quarter worth approximately $64,000. Innealta Capital LLC bought a new stake in Bristow Group in the second quarter valued at $74,000. Abner Herrman & Brock LLC acquired a new position in shares of Bristow Group during the third quarter valued at $201,000. Intech Investment Management LLC bought a new position in shares of Bristow Group during the third quarter worth about $212,000. Finally, Quest Partners LLC increased its holdings in shares of Bristow Group by 32.7% in the 3rd 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. 93.29% of the stock is owned by institutional investors.

Bristow Group Trading Down 0.2 %

Bristow Group stock opened at $32.61 on Friday. Bristow Group Inc. has a 52-week low of $24.33 and a 52-week high of $41.50. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $933.56 million, a price-to-earnings ratio of 17.53 and a beta of 1.34. The firm has a 50-day moving average price of $35.59 and a two-hundred day moving average price of $35.47.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.34. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The business had revenue of $365.12 million during the quarter. During the same quarter in the prior year, the firm posted $0.41 earnings per share.

Insiders Place Their Bets

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 42,150 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $38.10, for a total transaction of $1,605,915.00. Following the transaction, the insider now owns 3,306,855 shares of the company’s stock, valued at approximately $125,991,175.50. This trade represents a 1.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 94,858 shares of company stock worth $3,527,946. 14.90% of the stock is owned by company insiders.

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.