Atom Investors LP Purchases 1,363 Shares of Bristow Group Inc. (NYSE:VTOL)

Atom Investors LP increased its position in shares of Bristow Group Inc. (NYSE:VTOL) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,536 shares of the company’s stock after purchasing an additional 1,363 shares during the period. Atom Investors LP owned 0.32% of Bristow Group worth $3,210,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. nVerses Capital LLC bought a new position in shares of Bristow Group during the 2nd quarter valued at about $64,000. Innealta Capital LLC bought a new stake in shares of Bristow Group in the 2nd quarter worth about $74,000. Abner Herrman & Brock LLC purchased a new stake in shares of Bristow Group during the 3rd quarter valued at about $201,000. Intech Investment Management LLC bought a new position in shares of Bristow Group in the 3rd quarter valued at about $212,000. Finally, Quest Partners LLC grew its position in Bristow Group by 32.7% in the third quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock worth $213,000 after acquiring an additional 1,511 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Insider Activity

In other news, major shareholder Alternative Asset Manage Solus sold 42,150 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $38.10, for a total transaction of $1,605,915.00. Following the transaction, the insider now directly owns 3,306,855 shares in the company, valued at approximately $125,991,175.50. This trade represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 94,858 shares of company stock worth $3,527,946. Company insiders own 14.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Bristow Group Trading Up 0.7 %

VTOL opened at $38.22 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. The stock’s 50 day moving average price is $35.66 and its 200-day moving average price is $35.59. Bristow Group Inc. has a one year low of $24.33 and a one year high of $41.50. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 20.55 and a beta of 1.31.

Bristow Group (NYSE:VTOL) last released its earnings results on Tuesday, November 5th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.34. The business had revenue of $365.12 million during the quarter. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. During the same quarter last year, the business posted $0.41 earnings per share.

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.