Harbor Capital Advisors Inc. Takes Position in Bristow Group Inc. (NYSE:VTOL)

Harbor Capital Advisors Inc. bought a new stake in shares of Bristow Group Inc. (NYSE:VTOL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,712 shares of the company’s stock, valued at approximately $180,000.

Several other large investors have also recently made changes to their positions in the business. Nuveen Asset Management LLC increased its holdings in Bristow Group by 17.3% in the 4th quarter. Nuveen Asset Management LLC now owns 75,121 shares of the company’s stock worth $2,577,000 after acquiring an additional 11,061 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Bristow Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 119,379 shares of the company’s stock worth $4,095,000 after acquiring an additional 3,356 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Bristow Group in the 4th quarter worth about $697,000. Millennium Management LLC increased its holdings in Bristow Group by 166.0% in the 4th quarter. Millennium Management LLC now owns 42,294 shares of the company’s stock worth $1,451,000 after acquiring an additional 26,393 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Bristow Group by 22.4% in the 4th quarter. American Century Companies Inc. now owns 578,940 shares of the company’s stock worth $19,858,000 after acquiring an additional 105,834 shares during the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bristow Group

In other news, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $32.08, for a total transaction of $316,790.00. Following the completion of the transaction, the insider now owns 3,166,821 shares of the company’s stock, valued at approximately $101,591,617.68. The trade was a 0.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maryanne Miller sold 2,200 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total value of $70,730.00. Following the transaction, the director now directly owns 19,173 shares of the company’s stock, valued at $616,411.95. The trade was a 10.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 13.40% of the company’s stock.

Bristow Group Trading Up 1.9%

Shares of VTOL opened at $34.34 on Monday. The business has a 50-day moving average of $29.53 and a 200 day moving average of $32.53. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $41.50. The firm has a market cap of $988.19 million, a P/E ratio of 18.46 and a beta of 1.32. 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 posted its earnings results on Tuesday, May 6th. The company reported $0.92 earnings per share 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 return on equity of 6.50% and a net margin of 3.93%.

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.