Bristow Group Inc. (NYSE:VTOL) Stock Holdings Lifted by Western Standard LLC

Western Standard LLC lifted its position in Bristow Group Inc. (NYSE:VTOL) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 398,000 shares of the company’s stock after buying an additional 29,600 shares during the quarter. Bristow Group comprises 13.0% of Western Standard LLC’s investment portfolio, making the stock its 2nd largest holding. Western Standard LLC owned 1.39% of Bristow Group worth $13,807,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in Bristow Group during the second quarter worth approximately $64,000. Innealta Capital LLC bought a new stake in shares of Bristow Group during the 2nd quarter worth $74,000. Abner Herrman & Brock LLC acquired a new position in Bristow Group in the 3rd quarter valued at $201,000. Intech Investment Management LLC bought a new position in Bristow Group in the 3rd quarter worth $212,000. Finally, Quest Partners LLC lifted its position in Bristow Group by 32.7% during the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock worth $213,000 after acquiring an additional 1,511 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, major shareholder Alternative Asset Manage Solus sold 2,739 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $38.01, for a total value of $104,109.39. Following the completion of the transaction, the insider now directly owns 3,303,356 shares of the company’s stock, valued at approximately $125,560,561.56. This represents a 0.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 94,858 shares of company stock worth $3,527,946. 14.90% of the stock is currently owned by corporate insiders.

Bristow Group Trading Down 2.3 %

Shares of VTOL stock opened at $35.99 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 1 year low of $24.33 and a 1 year high of $41.50. The firm’s fifty day simple moving average is $35.73 and its 200 day simple moving average is $35.61. The firm has a market capitalization of $1.03 billion, a P/E ratio of 19.35 and a beta of 1.34.

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

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.