Alliancebernstein L.P. Reduces Holdings in Bristow Group Inc. (NYSE:VTOL)

Alliancebernstein L.P. trimmed its holdings in Bristow Group Inc. (NYSE:VTOL) by 14.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,652 shares of the company’s stock after selling 3,830 shares during the quarter. Alliancebernstein L.P. owned about 0.08% of Bristow Group worth $777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. WINTON GROUP Ltd lifted its stake in Bristow Group by 3.1% during the 4th quarter. WINTON GROUP Ltd now owns 31,605 shares of the company’s stock valued at $1,084,000 after acquiring an additional 960 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Bristow Group in the fourth quarter worth $34,000. Clayton Partners LLC lifted its holdings in shares of Bristow Group by 0.5% in the 4th quarter. Clayton Partners LLC now owns 448,352 shares of the company’s stock valued at $15,378,000 after acquiring an additional 2,206 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Bristow Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 119,379 shares of the company’s stock valued at $4,095,000 after buying an additional 3,356 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Bristow Group by 19.3% during the 3rd quarter. Jane Street Group LLC now owns 22,875 shares of the company’s stock worth $794,000 after purchasing an additional 3,696 shares during the period. 93.29% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $32.71, for a total transaction of $386,926.59. Following the completion of the transaction, the insider now directly owns 3,176,796 shares in the company, valued at $103,912,997.16. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maryanne Miller sold 2,200 shares of Bristow Group stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total transaction of $70,730.00. Following the transaction, the director now directly owns 19,173 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders have sold 35,027 shares of company stock worth $1,149,792. Corporate insiders own 14.90% of the company’s stock.

Bristow Group Price Performance

VTOL opened at $29.06 on Friday. The stock has a market cap of $832.13 million, a P/E ratio of 15.63 and a beta of 1.14. Bristow Group Inc. has a 52-week low of $24.85 and a 52-week high of $41.50. The business has a fifty day moving average of $31.97 and a 200 day moving average of $34.13. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68.

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

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.