Bristow Group Inc. (NYSE:VTOL) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in shares of Bristow Group Inc. (NYSE:VTOL) by 1,139.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,908 shares of the company’s stock after acquiring an additional 69,784 shares during the quarter. Intech Investment Management LLC owned approximately 0.27% of Bristow Group worth $2,604,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in VTOL. Empowered Funds LLC boosted its position in shares of Bristow Group by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 37,362 shares of the company’s stock worth $1,296,000 after acquiring an additional 1,876 shares in the last quarter. Quest Partners LLC boosted its position in shares of Bristow Group by 32.7% in the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock valued at $213,000 after purchasing an additional 1,511 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Bristow Group in the 3rd quarter valued at about $298,000. Charles Schwab Investment Management Inc. boosted its position in shares of Bristow Group by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock valued at $8,223,000 after purchasing an additional 674 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Bristow Group by 35.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,679 shares of the company’s stock valued at $891,000 after purchasing an additional 6,723 shares during the period. 93.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Bristow Group

In related news, Director Lorin L. Brass sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the transaction, the director now directly owns 28,104 shares of the company’s stock, valued at $1,039,848. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.71, for a total value of $272,245.33. Following the completion of the transaction, the insider now directly owns 3,188,625 shares of the company’s stock, valued at $104,299,923.75. The trade was a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,952 shares of company stock valued at $762,272. Corporate insiders own 14.90% of the company’s stock.

Bristow Group Stock Up 2.0 %

Shares of NYSE VTOL opened at $31.95 on Thursday. The stock has a market cap of $914.71 million, a PE ratio of 17.18 and a beta of 1.39. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 52-week low of $24.33 and a 52-week high of $41.50. The business has a 50-day moving average price of $34.67 and a 200 day moving average price of $35.16.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations 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.