Bristow Group Inc. (NYSE:VTOL) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its position in Bristow Group Inc. (NYSE:VTOL) by 17.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,121 shares of the company’s stock after acquiring an additional 11,061 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.26% of Bristow Group worth $2,577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VTOL. Graham Capital Wealth Management LLC purchased a new stake in shares of Bristow Group during the 4th quarter worth $2,969,000. Empowered Funds LLC raised its stake in Bristow Group by 127.5% in the fourth quarter. Empowered Funds LLC now owns 84,982 shares of the company’s stock valued at $2,915,000 after buying an additional 47,620 shares in the last quarter. Principal Financial Group Inc. lifted 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 worth $4,095,000 after buying an additional 3,356 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in Bristow Group by 105.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock worth $59,000 after buying an additional 34,400 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Bristow Group by 9.5% during the 4th quarter. Bank of New York Mellon Corp now owns 177,281 shares of the company’s stock worth $6,081,000 after acquiring an additional 15,440 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Insider Buying and Selling at Bristow Group

In related news, Director Maryanne Miller sold 2,200 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total value of $70,730.00. Following the completion of the sale, the director now owns 19,173 shares in the company, valued at $616,411.95. This represents a 10.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.71, for a total transaction of $386,926.59. Following the sale, the insider now owns 3,176,796 shares of the company’s stock, valued at approximately $103,912,997.16. This represents a 0.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,327 shares of company stock worth $1,049,892 over the last 90 days. Corporate insiders own 14.90% of the company’s stock.

Bristow Group Price Performance

Shares of NYSE VTOL opened at $29.62 on Tuesday. The stock’s 50-day simple moving average is $29.25 and its 200-day simple moving average is $32.91. The firm has a market capitalization of $852.17 million, a PE ratio of 15.92 and a beta of 1.32. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $41.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.34. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The company had revenue of $350.53 million for the quarter, compared to analysts’ expectations of $353.00 million.

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.