Donald Smith & CO. Inc. Increases Stake in Bristow Group Inc. $VTOL

Donald Smith & CO. Inc. grew its position in Bristow Group Inc. (NYSE:VTOL) by 112.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 250,953 shares of the company’s stock after buying an additional 132,926 shares during the period. Donald Smith & CO. Inc. owned approximately 0.87% of Bristow Group worth $8,274,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VTOL. Brown Advisory Inc. boosted its stake in Bristow Group by 21.3% during the 2nd quarter. Brown Advisory Inc. now owns 1,224,954 shares of the company’s stock valued at $40,387,000 after purchasing an additional 215,214 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Bristow Group by 75.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 76,152 shares of the company’s stock worth $2,511,000 after buying an additional 32,857 shares during the last quarter. Quantbot Technologies LP purchased a new position in Bristow Group in the 2nd quarter worth about $90,000. Quadrature Capital Ltd bought a new position in Bristow Group during the 2nd quarter valued at about $248,000. Finally, XTX Topco Ltd purchased a new stake in shares of Bristow Group during the 2nd quarter valued at about $842,000. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Bristow Group Stock Down 1.9%

Shares of Bristow Group stock opened at $36.64 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.91 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.06 billion, a P/E ratio of 7.67 and a beta of 1.42. The firm’s 50 day moving average price is $37.97 and its 200-day moving average price is $36.09. Bristow Group Inc. has a 52-week low of $25.11 and a 52-week high of $42.89.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.78. The business had revenue of $386.29 million for the quarter, compared to analyst estimates of $400.00 million. Bristow Group had a net margin of 9.71% and a return on equity of 14.83%.

Insider Activity at Bristow Group

In other news, Director Lorin L. Brass sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $38.00, for a total transaction of $95,000.00. Following the sale, the director directly owned 21,705 shares of the company’s stock, valued at $824,790. The trade was a 10.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Mark Mickelson sold 10,000 shares of Bristow Group stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $38.40, for a total value of $384,000.00. Following the sale, the director directly owned 60,265 shares of the company’s stock, valued at $2,314,176. This trade represents a 14.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 221,000 shares of company stock valued at $8,417,775. Company insiders own 13.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on VTOL. Wall Street Zen raised shares of Bristow Group from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Bristow Group has an average rating of “Buy”.

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.