Vanguard Group Inc. Cuts Stock Holdings in Bristow Group Inc. (NYSE:VTOL)

Vanguard Group Inc. cut its stake in shares of Bristow Group Inc. (NYSE:VTOL) by 0.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,860,229 shares of the company’s stock after selling 10,143 shares during the quarter. Vanguard Group Inc. owned approximately 0.06% of Bristow Group worth $63,806,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Franklin Resources Inc. acquired a new position in shares of Bristow Group during the third quarter worth about $572,000. Geode Capital Management LLC lifted its position in Bristow Group by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 563,014 shares of the company’s stock worth $19,535,000 after acquiring an additional 13,320 shares in the last quarter. Barclays PLC boosted its holdings in Bristow Group by 287.1% in the 3rd quarter. Barclays PLC now owns 37,691 shares of the company’s stock worth $1,308,000 after acquiring an additional 27,953 shares during the period. Principal Financial Group Inc. grew its position in Bristow Group by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 119,379 shares of the company’s stock valued at $4,095,000 after acquiring an additional 3,356 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Bristow Group by 26.0% during the third quarter. JPMorgan Chase & Co. now owns 73,257 shares of the company’s stock valued at $2,541,000 after purchasing an additional 15,139 shares during the period. 93.29% of the stock is owned by hedge funds and other institutional investors.

Bristow Group Price Performance

Shares of VTOL stock opened at $27.23 on Friday. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50. The company has a market capitalization of $779.76 million, a PE ratio of 14.64 and a beta of 1.14. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $32.66 and a 200-day simple moving average of $34.35.

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

Insider Buying and Selling at Bristow Group

In other Bristow Group news, Director Maryanne Miller sold 2,200 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total value of $70,730.00. Following the sale, the director now directly owns 19,173 shares of the company’s stock, valued at $616,411.95. This trade represents a 10.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lorin L. Brass sold 2,700 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the transaction, the director now directly owns 28,104 shares of the company’s stock, valued at $1,039,848. The trade was a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,027 shares of company stock worth $1,149,792 over the last quarter. 14.90% of the stock is owned by corporate insiders.

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.