Bristow Group (NYSE:VTOL) Stock Rating Lowered by Wall Street Zen

Bristow Group (NYSE:VTOL) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other brokerages also recently issued reports on VTOL. JonesTrading assumed coverage on shares of Bristow Group in a research report on Friday, January 23rd. They issued a “buy” rating for the company. Raymond James Financial started coverage on Bristow Group in a report on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 target price for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded Bristow Group to a “hold” rating in a report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Bristow Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Bristow Group Stock Down 0.7%

Shares of NYSE:VTOL opened at $47.64 on Friday. The business’s 50 day moving average is $42.08 and its 200 day moving average is $39.25. Bristow Group has a 12-month low of $25.11 and a 12-month high of $49.55. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 11.03 and a beta of 1.38. 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 (NYSE:VTOL) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.15. Bristow Group had a return on equity of 13.12% and a net margin of 8.66%.The business had revenue of $377.26 million for the quarter, compared to analysts’ expectations of $380.33 million.

Insider Buying and Selling at Bristow Group

In related news, COO Stuart Stavley sold 24,908 shares of Bristow Group stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $47.02, for a total value of $1,171,174.16. Following the completion of the sale, the chief operating officer owned 85,790 shares of the company’s stock, valued at approximately $4,033,845.80. This trade represents a 22.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.40% of the company’s stock.

Institutional Trading of Bristow Group

A number of institutional investors have recently modified their holdings of the business. Empowered Funds LLC boosted its position in shares of Bristow Group by 22.5% in the second quarter. Empowered Funds LLC now owns 127,942 shares of the company’s stock valued at $4,218,000 after acquiring an additional 23,473 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Bristow Group in the 3rd quarter worth approximately $3,540,000. 683 Capital Management LLC bought a new position in Bristow Group in the 2nd quarter valued at $2,906,000. CenterBook Partners LP grew its position in shares of Bristow Group by 149.9% during the 3rd quarter. CenterBook Partners LP now owns 93,894 shares of the company’s stock valued at $3,388,000 after purchasing an additional 56,314 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Bristow Group by 72.1% in the second quarter. Teacher Retirement System of Texas now owns 19,335 shares of the company’s stock worth $637,000 after purchasing an additional 8,102 shares during the period. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

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.