Assenagon Asset Management S.A. Makes New $451,000 Investment in Bristow Group Inc. (NYSE:VTOL)

Assenagon Asset Management S.A. bought a new position in shares of Bristow Group Inc. (NYSE:VTOL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,270 shares of the company’s stock, valued at approximately $451,000.

Other large investors also recently bought and sold shares of the company. Sterling Capital Management LLC increased its position in shares of Bristow Group by 795.5% in the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company’s stock valued at $27,000 after buying an additional 700 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Bristow Group during the fourth quarter worth $34,000. Wolverine Asset Management LLC lifted its stake in shares of Bristow Group by 105.3% in the 4th 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 during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Bristow Group in the 4th quarter valued at $118,000. Finally, Aquatic Capital Management LLC acquired a new position in shares of Bristow Group in the 4th quarter valued at $142,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Alternative Asset Manage Solus sold 45,857 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $33.49, for a total value of $1,535,750.93. Following the transaction, the insider now owns 3,076,796 shares in the company, valued at approximately $103,041,898.04. This represents a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.40% of the stock is owned by company insiders.

Bristow Group Price Performance

VTOL opened at $33.71 on Friday. The stock’s 50-day moving average price is $30.06 and its 200 day moving average price is $32.49. Bristow Group Inc. has a 12-month low of $25.11 and a 12-month high of $41.50. The company has a current ratio of 1.84, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73. The firm has a market cap of $969.95 million, a price-to-earnings ratio of 8.64 and a beta of 1.32.

Bristow Group (NYSE:VTOL) last posted its earnings results on Tuesday, May 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.34. Bristow Group had a return on equity of 12.95% and a net margin of 8.09%. The firm had revenue of $350.53 million for the quarter, compared to analyst estimates of $353.00 million.

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.