Bristow Group (NYSE:VTOL) Sees Strong Trading Volume – Time to Buy?

Bristow Group Inc. (NYSE:VTOL) saw unusually-strong trading volume on Tuesday . Approximately 341,918 shares were traded during trading, an increase of 132% from the previous session’s volume of 147,393 shares.The stock last traded at $32.35 and had previously closed at $30.98.

Bristow Group Price Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. The business’s 50 day moving average price is $29.04 and its 200 day moving average price is $32.65. The stock has a market capitalization of $929.17 million, a P/E ratio of 17.33 and a beta of 1.32.

Bristow Group (NYSE:VTOL) last announced its earnings results on Tuesday, May 6th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.34. The business had revenue of $350.53 million during the quarter, compared to analyst estimates of $353.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

Insider Activity at Bristow Group

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $32.08, for a total value of $316,790.00. Following the transaction, the insider now directly owns 3,166,821 shares in the company, valued at approximately $101,591,617.68. This trade represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maryanne Miller sold 2,200 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total transaction of $70,730.00. Following the sale, the director now directly owns 19,173 shares of the company’s stock, valued at approximately $616,411.95. The trade was a 10.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,175 shares of company stock worth $390,720. 14.90% of the stock is owned by insiders.

Institutional Trading of Bristow Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Western Standard LLC lifted its position in shares of Bristow Group by 41.5% during 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 in the last quarter. Brown Advisory Inc. raised its stake in Bristow Group by 17.7% during the 1st quarter. Brown Advisory Inc. now owns 1,009,740 shares of the company’s stock worth $31,888,000 after acquiring an additional 151,784 shares during the period. American Century Companies Inc. lifted its holdings in Bristow Group by 22.4% during the fourth quarter. American Century Companies Inc. now owns 578,940 shares of the company’s stock valued at $19,858,000 after purchasing an additional 105,834 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Bristow Group by 115.6% in the fourth quarter. JPMorgan Chase & Co. now owns 157,978 shares of the company’s stock worth $5,419,000 after purchasing an additional 84,721 shares during the period. Finally, Nuveen LLC bought a new position in shares of Bristow Group in the first quarter worth approximately $2,588,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

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.