Millennium Management LLC Acquires 26,393 Shares of Bristow Group Inc. (NYSE:VTOL)

Millennium Management LLC raised its stake in shares of Bristow Group Inc. (NYSE:VTOL) by 166.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,294 shares of the company’s stock after purchasing an additional 26,393 shares during the period. Millennium Management LLC owned 0.15% of Bristow Group worth $1,451,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Sterling Capital Management LLC increased its stake in shares of Bristow Group by 795.5% in the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company’s stock valued at $27,000 after acquiring an additional 700 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Bristow Group in the fourth quarter valued at $34,000. Wolverine Asset Management LLC increased its stake in Bristow Group by 105.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock valued at $59,000 after purchasing an additional 34,400 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Bristow Group in the fourth quarter valued at $118,000. Finally, Aquatic Capital Management LLC bought a new stake in Bristow Group in the fourth quarter valued at $142,000. 93.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Maryanne Miller sold 2,200 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total transaction of $70,730.00. Following the completion of the transaction, the director now owns 19,173 shares in the company, valued at approximately $616,411.95. This represents a 10.29% decrease in their position. The transaction was disclosed in a legal 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 business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $32.08, for a total transaction of $316,790.00. Following the sale, the insider now directly owns 3,166,821 shares in the company, valued at $101,591,617.68. The trade was a 0.31% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,004 shares of company stock valued at $777,647. Corporate insiders own 14.90% of the company’s stock.

Bristow Group Stock Performance

Shares of Bristow Group stock opened at $30.57 on Wednesday. Bristow Group Inc. has a one year low of $25.11 and a one year high of $41.50. The firm has a market capitalization of $879.77 million, a price-to-earnings ratio of 16.44 and a beta of 1.32. The business has a 50-day simple moving average of $29.21 and a 200 day simple moving average of $32.90. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.34. The business had revenue of $350.53 million during the quarter, compared to analyst estimates of $353.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

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.