Bristow Group Inc. (NYSE:VTOL) Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. reduced its holdings in shares of Bristow Group Inc. (NYSE:VTOL) by 5.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 74,373 shares of the company’s stock after selling 4,500 shares during the period. Donald Smith & CO. Inc.’s holdings in Bristow Group were worth $2,580,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC purchased a new position in shares of Bristow Group during the first quarter worth about $414,000. First Eagle Investment Management LLC grew its stake in shares of Bristow Group by 73.5% in the 1st quarter. First Eagle Investment Management LLC now owns 84,144 shares of the company’s stock valued at $2,289,000 after purchasing an additional 35,644 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Bristow Group by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock valued at $315,000 after purchasing an additional 620 shares during the period. Empyrean Capital Partners LP lifted its holdings in shares of Bristow Group by 9.0% during the second quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company’s stock worth $37,554,000 after purchasing an additional 92,086 shares during the period. Finally, Clayton Partners LLC grew its position in Bristow Group by 25.6% in the 2nd quarter. Clayton Partners LLC now owns 434,923 shares of the company’s stock valued at $14,583,000 after buying an additional 88,742 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Bristow Group Stock Performance

NYSE:VTOL traded up $0.42 during mid-day trading on Wednesday, reaching $34.49. The stock had a trading volume of 17,590 shares, compared to its average volume of 118,174. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50. The business has a 50 day simple moving average of $35.63 and a 200 day simple moving average of $34.24. The firm has a market capitalization of $987.03 million, a price-to-earnings ratio of 32.14 and a beta of 1.30. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.53 and a current ratio of 1.86.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.96 EPS for the quarter. The business had revenue of $359.75 million during the quarter. Bristow Group had a return on equity of 3.79% and a net margin of 2.27%.

Insider Activity

In other Bristow Group news, Director Brian D. Truelove sold 3,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $37.09, for a total transaction of $111,270.00. Following the transaction, the director now directly owns 33,504 shares in the company, valued at approximately $1,242,663.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Bristow Group news, Director Brian D. Truelove sold 3,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $37.09, for a total value of $111,270.00. Following the sale, the director now owns 33,504 shares of the company’s stock, valued at approximately $1,242,663.36. This represents a 0.00 % 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. Also, major shareholder Alternative Asset Manage Solus sold 75,000 shares of Bristow Group stock in a transaction on Friday, August 30th. The stock was sold at an average price of $39.50, for a total value of $2,962,500.00. Following the transaction, the insider now directly owns 3,349,005 shares of the company’s stock, valued at $132,285,697.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark upped their price objective on shares of Bristow Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th.

Bristow Group Company Profile

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.