Royce & Associates LP Has $12.53 Million Stock Holdings in Bristow Group Inc. (NYSE:VTOL)

Royce & Associates LP trimmed its position in Bristow Group Inc. (NYSE:VTOL) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 365,365 shares of the company’s stock after selling 31,999 shares during the period. Royce & Associates LP’s holdings in Bristow Group were worth $12,532,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Graham Capital Wealth Management LLC acquired a new stake in Bristow Group during the 4th quarter worth approximately $2,969,000. Empowered Funds LLC raised its holdings in Bristow Group by 127.5% during the 4th quarter. Empowered Funds LLC now owns 84,982 shares of the company’s stock worth $2,915,000 after buying an additional 47,620 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Bristow Group during the 4th quarter worth approximately $1,556,000. Charles Schwab Investment Management Inc. raised its holdings in Bristow Group by 17.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 278,138 shares of the company’s stock worth $9,540,000 after buying an additional 41,095 shares during the period. Finally, Wolverine Asset Management LLC raised its holdings in Bristow Group by 105.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock worth $59,000 after buying an additional 34,400 shares during the period. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lorin L. Brass sold 2,700 shares of Bristow Group stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction 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 trade represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock worth $762,272 over the last ninety days. Insiders own 14.90% of the company’s stock.

Bristow Group Stock Performance

Shares of VTOL stock opened at $31.62 on Tuesday. 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 company has a market capitalization of $905.29 million, a P/E ratio of 17.00 and a beta of 1.39. The company’s 50 day moving average price is $34.82 and its two-hundred day moving average price is $35.24. Bristow Group Inc. has a 52 week low of $24.33 and a 52 week high of $41.50.

Bristow Group (NYSE:VTOL) last announced its earnings results on Wednesday, February 26th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.61 by $0.46. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The firm had revenue of $353.53 million for the quarter, compared to the consensus estimate of $367.00 million.

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.