Bristow Group Inc. (NYSE:VTOL) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in Bristow Group Inc. (NYSE:VTOL) by 9.5% in the 4th quarter, Holdings Channel reports. The fund owned 177,281 shares of the company’s stock after acquiring an additional 15,440 shares during the period. Bank of New York Mellon Corp’s holdings in Bristow Group were worth $6,081,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. State Street Corp increased its holdings in shares of Bristow Group by 2.1% in the 3rd quarter. State Street Corp now owns 937,527 shares of the company’s stock valued at $32,523,000 after purchasing an additional 19,317 shares in the last quarter. Geode Capital Management LLC grew its holdings in Bristow Group by 2.4% in the third quarter. Geode Capital Management LLC now owns 563,014 shares of the company’s stock valued at $19,535,000 after purchasing an additional 13,320 shares during the period. Western Standard LLC grew its holdings in Bristow Group by 8.0% in the third quarter. Western Standard LLC now owns 398,000 shares of the company’s stock valued at $13,807,000 after purchasing an additional 29,600 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Bristow Group by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock valued at $8,223,000 after purchasing an additional 674 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Bristow Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 119,379 shares of the company’s stock worth $4,095,000 after buying an additional 3,356 shares during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Bristow Group Price Performance

VTOL opened at $31.36 on Monday. The company has a market cap of $897.90 million, a P/E ratio of 16.86 and a beta of 1.39. The company has a 50 day moving average of $34.89 and a two-hundred day moving average of $35.29. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 52-week low of $24.33 and a 52-week high of $41.50.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.46. The firm had revenue of $353.53 million for the quarter, compared to analysts’ expectations of $367.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

Insiders Place Their Bets

In other Bristow Group news, Director Lorin L. Brass sold 2,700 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the sale, the director now directly owns 28,104 shares of the company’s stock, valued at approximately $1,039,848. This represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $32.71, for a total transaction of $386,926.59. Following the completion of the sale, the insider now directly owns 3,176,796 shares in the company, valued at approximately $103,912,997.16. This trade represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,952 shares of company stock valued at $762,272. Company insiders own 14.90% of the company’s stock.

About Bristow Group

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.