Ameriprise Financial Inc. Trims Stake in Bristow Group Inc. (NYSE:VTOL)

Ameriprise Financial Inc. reduced its stake in Bristow Group Inc. (NYSE:VTOL) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 380,892 shares of the company’s stock after selling 3,670 shares during the period. Ameriprise Financial Inc. owned about 1.33% of Bristow Group worth $13,065,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its holdings in shares of Bristow Group by 795.5% during the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company’s stock valued at $27,000 after purchasing an additional 700 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Bristow Group during the 4th quarter valued at $34,000. Wolverine Asset Management LLC boosted its position in shares of 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 acquiring an additional 34,400 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Bristow Group in the 4th quarter worth $142,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Bristow Group by 18.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,561 shares of the company’s stock valued at $328,000 after buying an additional 1,502 shares during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Bristow Group Stock Performance

VTOL stock opened at $29.99 on Monday. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $41.50. The firm has a market cap of $862.96 million, a price-to-earnings ratio of 16.12 and a beta of 1.32. The business’s fifty day simple moving average is $29.75 and its two-hundred day simple moving average is $33.45. 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 issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.58 by $0.34. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The firm had revenue of $350.53 million during the quarter, compared to analyst estimates of $353.00 million.

Insider Buying and Selling

In related news, Director Maryanne Miller sold 2,200 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total value of $70,730.00. Following the sale, the director now owns 19,173 shares in the company, valued at approximately $616,411.95. The trade was a 10.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $32.08, for a total transaction of $316,790.00. Following the sale, the insider now owns 3,166,821 shares in the company, valued at $101,591,617.68. The trade was a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,027 shares of company stock valued at $1,149,792 over the last quarter. 14.90% of the stock is currently owned by company insiders.

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.