Bristow Group (NYSE:VTOL) Coverage Initiated at Jones Trading

Equities researchers at Jones Trading initiated coverage on shares of Bristow Group (NYSE:VTOL) in a research note issued on Friday,Benzinga reports. The firm set a “buy” rating on the stock.

A number of other equities analysts have also weighed in on the stock. Wall Street Zen upgraded shares of Bristow Group from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Bristow Group currently has an average rating of “Buy”.

Bristow Group Stock Performance

NYSE VTOL opened at $43.74 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. Bristow Group has a twelve month low of $25.11 and a twelve month high of $44.55. The business has a 50-day moving average price of $37.86 and a 200-day moving average price of $37.61. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 9.15 and a beta of 1.39.

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

Insiders Place Their Bets

In other Bristow Group news, Director Robert Manzo sold 6,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $38.75, for a total value of $232,500.00. Following the sale, the director owned 32,583 shares in the company, valued at $1,262,591.25. This trade represents a 15.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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. This represents a 10.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 221,000 shares of company stock worth $8,417,775. Corporate insiders own 13.40% of the company’s stock.

Hedge Funds Weigh In On Bristow Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Bristow Group by 4.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,984,961 shares of the company’s stock worth $71,617,000 after purchasing an additional 91,116 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Bristow Group by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,678,326 shares of the company’s stock valued at $60,555,000 after purchasing an additional 18,978 shares during the period. Taconic Capital Advisors LP lifted its stake in shares of Bristow Group by 6.4% in the 2nd quarter. Taconic Capital Advisors LP now owns 1,331,073 shares of the company’s stock valued at $43,885,000 after purchasing an additional 80,000 shares during the period. Brown Advisory Inc. boosted its holdings in Bristow Group by 21.3% during the second quarter. Brown Advisory Inc. now owns 1,224,954 shares of the company’s stock worth $40,387,000 after buying an additional 215,214 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Bristow Group by 11.2% during the third quarter. American Century Companies Inc. now owns 833,992 shares of the company’s stock valued at $30,090,000 after buying an additional 84,318 shares during the period. Institutional investors own 93.29% 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.