11,233 Shares in Bristow Group Inc. (NYSE:VTOL) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new position in shares of Bristow Group Inc. (NYSE:VTOL) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,233 shares of the company’s stock, valued at approximately $355,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sterling Capital Management LLC increased 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 worth $27,000 after purchasing an additional 700 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Bristow Group during the 4th quarter valued at about $34,000. BNP Paribas Financial Markets purchased a new position in Bristow Group during the 4th quarter valued at about $118,000. Aquatic Capital Management LLC purchased a new position in Bristow Group during the 4th quarter valued at about $142,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Bristow Group during the 1st quarter valued at about $180,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Bristow Group Stock Performance

Shares of Bristow Group stock opened at $35.38 on Friday. The business has a 50-day moving average of $32.22 and a 200 day moving average of $32.44. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $41.50. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 9.07 and a beta of 1.34. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.84 and a quick ratio of 1.47.

Bristow Group (NYSE:VTOL) last announced its 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. Bristow Group had a return on equity of 12.95% and a net margin of 8.09%. The company had revenue of $350.53 million during the quarter, compared to analysts’ expectations of $353.00 million.

Insider Transactions at Bristow Group

In other news, Director Lorin L. Brass sold 1,131 shares of Bristow Group stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $33.50, for a total value of $37,888.50. Following the completion of the transaction, the director owned 31,955 shares in the company, valued at approximately $1,070,492.50. This trade represents a 3.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 45,857 shares of Bristow Group stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $33.49, for a total value of $1,535,750.93. Following the completion of the transaction, the insider owned 3,076,796 shares of the company’s stock, valued at $103,041,898.04. The trade was a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,085 shares of company stock valued at $1,576,889 over the last 90 days. 13.40% of the stock is currently owned by company insiders.

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.