Rhumbline Advisers Trims Stock Position in Bristow Group Inc. (NYSE:VTOL)

Rhumbline Advisers trimmed its position in Bristow Group Inc. (NYSE:VTOL) by 3.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,926 shares of the company’s stock after selling 2,661 shares during the quarter. Rhumbline Advisers owned about 0.26% of Bristow Group worth $2,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VTOL. Sterling Capital Management LLC boosted its position in shares of Bristow Group by 795.5% during 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 during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Bristow Group in the fourth quarter worth about $34,000. Wolverine Asset Management LLC boosted its holdings in Bristow Group by 105.3% in 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 in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Bristow Group during the fourth quarter worth about $118,000. Finally, Aquatic Capital Management LLC purchased a new position in Bristow Group during the fourth quarter valued at approximately $142,000. 93.29% of the stock is currently owned by institutional investors.

Bristow Group Stock Down 0.5%

Shares of VTOL stock opened at $34.13 on Tuesday. The stock has a 50 day moving average of $29.70 and a 200 day moving average of $32.50. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The stock has a market cap of $981.98 million, a P/E ratio of 18.35 and a beta of 1.32. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $41.50.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings data 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 analysts’ expectations of $353.00 million. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%.

Insiders Place Their Bets

In other news, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $32.08, for a total value of $316,790.00. Following the transaction, the insider now owns 3,166,821 shares of the company’s stock, valued at $101,591,617.68. This represents a 0.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the director now directly owns 19,173 shares in the company, valued at approximately $616,411.95. This trade represents a 10.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,932 shares of company stock valued at $1,923,271. Insiders own 13.40% of the company’s stock.

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.