AlphaQuest LLC Sells 3,183 Shares of Bristow Group Inc. (NYSE:VTOL)

AlphaQuest LLC reduced its position in Bristow Group Inc. (NYSE:VTOL) by 51.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,955 shares of the company’s stock after selling 3,183 shares during the quarter. AlphaQuest LLC’s holdings in Bristow Group were worth $101,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wolverine Asset Management LLC increased its holdings in Bristow Group by 105.3% in the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock valued at $59,000 after buying an additional 34,400 shares during the period. Intech Investment Management LLC bought a new position in Bristow Group in the 3rd quarter valued at about $212,000. Quest Partners LLC increased its holdings in Bristow Group by 32.7% in the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock valued at $213,000 after buying an additional 1,511 shares during the period. ClearAlpha Technologies LP bought a new position in Bristow Group in the 3rd quarter valued at about $250,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Bristow Group in the 3rd quarter valued at approximately $298,000. 93.29% of the stock is owned by institutional investors.

Bristow Group Trading Down 1.1 %

VTOL opened at $31.24 on Wednesday. The company’s 50 day moving average is $34.74 and its 200-day moving average is $35.18. Bristow Group Inc. has a 1-year low of $24.33 and a 1-year high of $41.50. 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 company has a market cap of $894.55 million, a P/E ratio of 16.80 and a beta of 1.39.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings results 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 net margin of 3.93% and a return on equity of 6.50%. The company had revenue of $353.53 million for the quarter, compared to the consensus estimate of $367.00 million.

Insider Activity

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