Clayton Partners LLC Reduces Stake in Bristow Group Inc. $VTOL

Clayton Partners LLC trimmed its position in shares of Bristow Group Inc. (NYSE:VTOL) by 9.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 336,450 shares of the company’s stock after selling 33,176 shares during the quarter. Bristow Group accounts for approximately 9.2% of Clayton Partners LLC’s portfolio, making the stock its largest holding. Clayton Partners LLC owned about 1.16% of Bristow Group worth $12,139,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of VTOL. AQR Capital Management LLC purchased a new position in Bristow Group in the first quarter valued at approximately $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Bristow Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock valued at $461,000 after purchasing an additional 609 shares in the last quarter. Jane Street Group LLC increased its stake in Bristow Group by 178.7% in the 1st quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock worth $1,690,000 after acquiring an additional 34,317 shares during the last quarter. Strs Ohio bought a new position in shares of Bristow Group in the first quarter worth approximately $44,000. Finally, CWM LLC raised its position in shares of Bristow Group by 208.4% during the 2nd quarter. CWM LLC now owns 1,351 shares of the company’s stock valued at $45,000 after buying an additional 913 shares in the last quarter. Institutional investors own 93.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lorin L. Brass sold 2,500 shares of Bristow Group stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $38.00, for a total transaction of $95,000.00. Following the transaction, the director directly owned 21,705 shares in the company, valued at approximately $824,790. The trade was a 10.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 13.40% of the company’s stock.

Bristow Group Price Performance

Shares of VTOL opened at $46.58 on Friday. The firm has a fifty day simple moving average of $41.02 and a two-hundred day simple moving average of $38.94. The firm has a market cap of $1.35 billion, a PE ratio of 9.74 and a beta of 1.38. The company has a current ratio of 1.91, a quick ratio of 1.53 and a debt-to-equity ratio of 0.63. Bristow Group Inc. has a 1-year low of $25.11 and a 1-year high of $47.00.

Analyst Ratings Changes

Several analysts have issued reports on VTOL shares. Zacks Research upgraded shares of Bristow Group to a “hold” rating in a research report on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. JonesTrading assumed coverage on Bristow Group in a research note on Friday, January 23rd. They issued a “buy” rating for the company. Finally, Raymond James Financial assumed coverage on shares of Bristow Group in a research note on Tuesday. They set an “outperform” rating and a $60.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Bristow Group 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.