Bristow Group (NYSE:VTOL) Reaches New 52-Week High – What’s Next?

Bristow Group Inc. (NYSE:VTOL)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $46.04 and last traded at $45.0320, with a volume of 4594 shares changing hands. The stock had previously closed at $44.76.

Wall Street Analysts Forecast Growth

VTOL has been the topic of several recent research reports. Wall Street Zen upgraded shares of Bristow Group from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Jones Trading started coverage on shares of Bristow Group in a research note on Friday, January 23rd. They set a “buy” rating for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Bristow Group has a consensus rating of “Buy”.

Bristow Group Stock Performance

The company has a market capitalization of $1.28 billion, a P/E ratio of 9.23 and a beta of 1.38. The firm has a 50 day moving average price of $39.97 and a two-hundred day moving average price of $38.48. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.91.

Insiders Place Their Bets

In other Bristow Group news, Director George Mark Mickelson sold 10,000 shares of Bristow Group stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $38.40, for a total transaction of $384,000.00. Following the transaction, the director directly owned 60,265 shares in the company, valued at approximately $2,314,176. The trade was a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lorin L. Brass sold 2,500 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $38.00, for a total transaction of $95,000.00. Following the transaction, the director owned 21,705 shares of the company’s stock, valued at $824,790. The trade was a 10.33% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 13.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP acquired a new stake in Bristow Group in the fourth quarter valued at approximately $4,012,000. Charles Schwab Investment Management Inc. grew its holdings in Bristow Group by 9.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 389,296 shares of the company’s stock worth $14,256,000 after purchasing an additional 32,323 shares during the period. State Street Corp raised its position in shares of Bristow Group by 3.5% during the fourth quarter. State Street Corp now owns 1,050,646 shares of the company’s stock worth $38,475,000 after purchasing an additional 35,080 shares during the period. Ieq Capital LLC increased its position in shares of Bristow Group by 6.8% during the fourth quarter. Ieq Capital LLC now owns 18,893 shares of the company’s stock worth $692,000 after acquiring an additional 1,197 shares in the last quarter. Finally, Boston Partners purchased a new stake in shares of Bristow Group in the fourth quarter worth approximately $13,486,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

About Bristow Group

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.