Bristow Group (NYSE:VTOL) Announces Quarterly Earnings Results

Bristow Group (NYSE:VTOL) posted its quarterly earnings results on Tuesday. The company reported $0.23 EPS for the quarter, reports. Bristow Group had a negative return on equity of 0.84% and a negative net margin of 0.52%. The company had revenue of $337.09 million during the quarter.

Bristow Group Trading Up 0.6 %

VTOL stock traded up $0.20 on Friday, hitting $33.91. 106,686 shares of the company were exchanged, compared to its average volume of 111,307. Bristow Group has a twelve month low of $21.68 and a twelve month high of $34.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.82 and a quick ratio of 1.50. The business’s fifty day moving average is $26.66 and its two-hundred day moving average is $26.80. The stock has a market capitalization of $962.70 million, a price-to-earnings ratio of -140.46 and a beta of 1.35.

Insiders Place Their Bets

In other news, EVP David F. Stepanek sold 9,033 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $26.13, for a total value of $236,032.29. Following the completion of the sale, the executive vice president now owns 46,878 shares of the company’s stock, valued at $1,224,922.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 15.00% of the stock is owned by insiders.

Institutional Trading of Bristow Group

Institutional investors and hedge funds have recently modified their holdings of the business. Brown Advisory Inc. bought a new position in shares of Bristow Group during the 3rd quarter valued at about $9,877,000. Wellington Management Group LLP grew its stake in shares of Bristow Group by 78.1% in the third quarter. Wellington Management Group LLP now owns 421,300 shares of the company’s stock worth $11,868,000 after acquiring an additional 184,700 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bristow Group by 12.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,264,574 shares of the company’s stock worth $35,750,000 after acquiring an additional 142,065 shares during the last quarter. Algert Global LLC lifted its position in Bristow Group by 211.4% in the third quarter. Algert Global LLC now owns 53,650 shares of the company’s stock worth $1,511,000 after purchasing an additional 36,420 shares during the period. Finally, First Eagle Investment Management LLC lifted its position in Bristow Group by 73.5% in the first quarter. First Eagle Investment Management LLC now owns 84,144 shares of the company’s stock worth $2,289,000 after purchasing an additional 35,644 shares during the period. 93.29% of the stock is owned by institutional investors and hedge funds.

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.