SG Americas Securities LLC Invests $501,000 in Bristow Group Inc. $VTOL

SG Americas Securities LLC acquired a new stake in Bristow Group Inc. (NYSE:VTOL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 13,877 shares of the company’s stock, valued at approximately $501,000.

Several other hedge funds have also recently bought and sold shares of VTOL. Raymond James Financial Inc. acquired a new position in Bristow Group in the 2nd quarter valued at about $25,000. Strs Ohio acquired a new position in shares of Bristow Group in the first quarter valued at approximately $44,000. CWM LLC grew its holdings in shares of Bristow Group by 208.4% in the second quarter. CWM LLC now owns 1,351 shares of the company’s stock valued at $45,000 after purchasing an additional 913 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Bristow Group by 296.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,508 shares of the company’s stock worth $83,000 after buying an additional 1,876 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Bristow Group during the 2nd quarter worth approximately $90,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Bristow Group from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday. Finally, Jones Trading assumed coverage on Bristow Group in a research report on Friday. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Bristow Group Stock Performance

NYSE:VTOL opened at $43.74 on Friday. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $44.55. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.91 and a quick ratio of 1.53. The firm has a market capitalization of $1.26 billion, a PE ratio of 9.15 and a beta of 1.39. The business’s fifty day moving average price is $37.86 and its 200 day moving average price is $37.59.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data 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. Bristow Group had a return on equity of 14.83% and a net margin of 9.71%.The business had revenue of $386.29 million during the quarter, compared to analysts’ expectations of $400.00 million.

Insider Activity at Bristow Group

In related news, major shareholder Alternative Asset Manage Solus sold 200,000 shares of Bristow Group stock in a transaction on Friday, November 14th. The shares were sold at an average price of $38.05, for a total transaction of $7,610,000.00. Following the sale, the insider directly owned 2,876,796 shares in the company, valued at $109,462,087.80. This trade represents a 6.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lorin L. Brass sold 2,500 shares of the company’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 completion of the transaction, the director owned 21,705 shares of the company’s stock, valued at $824,790. This represents a 10.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 221,000 shares of company stock valued at $8,417,775. Company insiders own 13.40% of the company’s stock.

Bristow Group Company Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.