Bristow Group Inc. (NYSE:VTOL) Short Interest Down 25.4% in February

Bristow Group Inc. (NYSE:VTOL) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 365,500 shares, a drop of 25.4% from the February 13th total of 490,200 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 126,900 shares, the days-to-cover ratio is presently 2.9 days.

Bristow Group Trading Up 0.7 %

NYSE:VTOL traded up $0.23 on Monday, reaching $31.62. The company’s stock had a trading volume of 97,638 shares, compared to its average volume of 120,305. Bristow Group has a 12-month low of $24.33 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 cap of $905.29 million, a price-to-earnings ratio of 17.00 and a beta of 1.39. The stock has a 50 day moving average price of $34.89 and a 200 day moving average price of $35.29.

Bristow Group (NYSE:VTOL) last posted its earnings results on Wednesday, February 26th. The company reported $1.07 EPS 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 company had revenue of $353.53 million for the quarter, compared to the consensus estimate of $367.00 million.

Insider Buying and Selling

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 11,829 shares of Bristow Group stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.71, for a total value of $386,926.59. Following the sale, the insider now owns 3,176,796 shares in the company, valued at $103,912,997.16. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lorin L. Brass sold 2,700 shares of Bristow Group stock in a transaction on Friday, February 28th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the sale, the director now owns 28,104 shares in the company, valued at $1,039,848. This represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,952 shares of company stock worth $762,272. 14.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bristow Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp purchased a new stake in shares of Bristow Group in the 4th quarter valued at $366,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Bristow Group by 2.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,402 shares of the company’s stock valued at $906,000 after buying an additional 723 shares during the period. Western Standard LLC raised its holdings in shares of Bristow Group by 41.5% in the 4th quarter. Western Standard LLC now owns 563,318 shares of the company’s stock valued at $19,322,000 after buying an additional 165,318 shares during the period. Taconic Capital Advisors LP raised its holdings in shares of Bristow Group by 4.9% in the 4th quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company’s stock valued at $37,659,000 after buying an additional 50,900 shares during the period. Finally, State of Wyoming raised its holdings in shares of Bristow Group by 237.3% in the 4th quarter. State of Wyoming now owns 9,088 shares of the company’s stock valued at $312,000 after buying an additional 6,394 shares during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.

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.