CenterBook Partners LP Buys 56,314 Shares of Bristow Group Inc. $VTOL

CenterBook Partners LP lifted its stake in shares of Bristow Group Inc. (NYSE:VTOL) by 149.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,894 shares of the company’s stock after acquiring an additional 56,314 shares during the quarter. CenterBook Partners LP owned about 0.32% of Bristow Group worth $3,388,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Empowered Funds LLC raised its holdings in Bristow Group by 22.5% in the 2nd quarter. Empowered Funds LLC now owns 127,942 shares of the company’s stock worth $4,218,000 after acquiring an additional 23,473 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Bristow Group during the third quarter valued at about $3,540,000. 683 Capital Management LLC acquired a new stake in shares of Bristow Group in the second quarter valued at about $2,906,000. Teacher Retirement System of Texas increased its stake in shares of Bristow Group by 72.1% in the second quarter. Teacher Retirement System of Texas now owns 19,335 shares of the company’s stock worth $637,000 after purchasing an additional 8,102 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Bristow Group by 9.0% during the 2nd quarter. Geode Capital Management LLC now owns 624,318 shares of the company’s stock worth $20,588,000 after purchasing an additional 51,594 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Insider Activity

In other news, Director Lorin L. Brass sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $38.00, for a total transaction of $95,000.00. Following the sale, the director directly owned 21,705 shares of the company’s stock, valued at $824,790. This represents a 10.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 13.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on VTOL. Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. Raymond James Financial began coverage on shares of Bristow Group in a report on Tuesday. They issued an “outperform” rating and a $60.00 target price on the stock. Finally, JonesTrading initiated coverage on shares of Bristow Group in a report on Friday, January 23rd. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Bristow Group has a consensus rating of “Buy” and a consensus price target of $60.00.

Bristow Group Stock Up 4.4%

Shares of NYSE VTOL opened at $46.14 on Thursday. Bristow Group Inc. has a 12-month low of $25.11 and a 12-month high of $46.33. The firm’s 50-day simple moving average is $40.63 and its 200 day simple moving average is $38.77. The company has a quick ratio of 1.53, a current ratio of 1.91 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 9.65 and a beta of 1.38.

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.