Bristow Group Inc. (NYSE:VTOL) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its stake in shares of Bristow Group Inc. (NYSE:VTOL) by 1.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 380,892 shares of the company’s stock after selling 3,670 shares during the period. Ameriprise Financial Inc.’s holdings in Bristow Group were worth $13,065,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its stake in Bristow Group by 795.5% during the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company’s stock valued at $27,000 after purchasing an additional 700 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Bristow Group in the 4th quarter worth $34,000. Wolverine Asset Management LLC raised its position in shares of Bristow Group by 105.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock worth $59,000 after purchasing an additional 34,400 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Bristow Group during the fourth quarter worth $142,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Bristow Group by 18.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,561 shares of the company’s stock worth $328,000 after purchasing an additional 1,502 shares during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Insider Buying and Selling at Bristow Group

In other news, major shareholder Alternative Asset Manage Solus sold 9,875 shares of Bristow Group stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $32.08, for a total value of $316,790.00. Following the completion of the sale, the insider now directly owns 3,166,821 shares of the company’s stock, valued at approximately $101,591,617.68. This trade represents a 0.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maryanne Miller sold 2,200 shares of the firm’s 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 completion of the transaction, the director now owns 19,173 shares in the company, valued at $616,411.95. This represents a 10.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,027 shares of company stock valued at $1,149,792 in the last quarter. Corporate insiders own 14.90% of the company’s stock.

Bristow Group Stock Up 0.1%

Shares of Bristow Group stock opened at $29.99 on Monday. Bristow Group Inc. has a 12-month low of $25.11 and a 12-month high of $41.50. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $862.96 million, a PE ratio of 16.12 and a beta of 1.32. The stock’s fifty day moving average is $29.75 and its 200-day moving average is $33.45.

Bristow Group (NYSE:VTOL) last issued its earnings results on Tuesday, May 6th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.34. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The firm had revenue of $350.53 million for the quarter, compared to the consensus estimate of $353.00 million.

Bristow Group 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.