Tudor Investment Corp ET AL Reduces Stock Holdings in Bristow Group Inc. $VTOL

Tudor Investment Corp ET AL reduced its position in shares of Bristow Group Inc. (NYSE:VTOL) by 81.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,856 shares of the company’s stock after selling 94,471 shares during the period. Tudor Investment Corp ET AL owned 0.08% of Bristow Group worth $789,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Caxton Associates LLP acquired a new position in Bristow Group in the 3rd quarter valued at about $464,000. Van Den Berg Management I Inc. increased its holdings in shares of Bristow Group by 90.4% during the 3rd quarter. Van Den Berg Management I Inc. now owns 58,340 shares of the company’s stock worth $2,105,000 after buying an additional 27,701 shares during the last quarter. Millennium Management LLC raised its position in shares of Bristow Group by 757.1% during the 3rd quarter. Millennium Management LLC now owns 90,564 shares of the company’s stock valued at $3,268,000 after buying an additional 79,998 shares during the period. Invenomic Capital Management LP lifted its holdings in Bristow Group by 15.7% in the third quarter. Invenomic Capital Management LP now owns 132,596 shares of the company’s stock valued at $4,784,000 after acquiring an additional 18,003 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Bristow Group by 2.0% in the third quarter. Bank of America Corp DE now owns 53,402 shares of the company’s stock valued at $1,927,000 after acquiring an additional 1,029 shares during the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Raymond James Financial assumed coverage on Bristow Group in a research report on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 target price on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. JonesTrading assumed coverage on Bristow Group in a research report on Friday, January 23rd. They set a “buy” rating for the company. Wall Street Zen upgraded shares of Bristow Group from a “hold” rating to a “buy” rating in a report on Sunday, March 8th. Finally, Zacks Research raised shares of Bristow Group to a “hold” rating in a research note on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.00.

Insider Transactions at Bristow Group

In other Bristow Group news, Director Maryanne Miller sold 2,200 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $44.90, for a total value of $98,780.00. Following the sale, the director owned 20,252 shares of the company’s stock, valued at $909,314.80. This trade represents a 9.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Wesley E. Kern sold 3,079 shares of Bristow Group stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $46.83, for a total value of $144,189.57. Following the completion of the transaction, the director owned 32,000 shares of the company’s stock, valued at $1,498,560. The trade was a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 61,104 shares of company stock valued at $2,869,206 in the last 90 days. Insiders own 13.40% of the company’s stock.

Bristow Group Trading Down 2.1%

Shares of VTOL stock opened at $45.05 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.54 and a current ratio of 1.90. The stock has a market capitalization of $1.31 billion, a P/E ratio of 10.43 and a beta of 1.35. The company has a 50 day moving average price of $44.85 and a 200 day moving average price of $40.30. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $49.55.

Bristow Group (NYSE:VTOL) last released its earnings results on Wednesday, February 25th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.15. Bristow Group had a net margin of 8.66% and a return on equity of 12.87%. The company had revenue of $377.26 million for the quarter, compared to analyst estimates of $380.33 million.

Bristow Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 13th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, March 13th. Bristow Group’s dividend payout ratio (DPR) is presently 11.57%.

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.