Bristow Group (NYSE:VTOL) Sets New 52-Week High – Here’s What Happened

Bristow Group Inc. (NYSE:VTOL)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $46.28 and last traded at $45.7440, with a volume of 12150 shares trading hands. The stock had previously closed at $44.20.

Analyst Upgrades and Downgrades

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

Bristow Group Price Performance

The firm has a market capitalization of $1.32 billion, a PE ratio of 9.58 and a beta of 1.38. The company has a current ratio of 1.91, a quick ratio of 1.53 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average price of $40.44 and a two-hundred day moving average price of $38.72.

Insider Buying and Selling at Bristow Group

In other Bristow Group news, Director Lorin L. Brass sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $38.00, for a total value of $95,000.00. Following the completion of the transaction, the director directly owned 21,705 shares in the company, valued at approximately $824,790. The trade was a 10.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 13.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bristow Group

Several large investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in Bristow Group in the 2nd quarter valued at about $25,000. Clearstead Advisors LLC boosted its holdings in Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock valued at $39,000 after purchasing an additional 1,001 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Bristow Group by 1,645.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after purchasing an additional 1,053 shares during the last quarter. CWM LLC grew its stake in Bristow Group by 208.4% during the 2nd quarter. CWM LLC now owns 1,351 shares of the company’s stock valued at $45,000 after purchasing an additional 913 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Bristow Group during the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Company Profile

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.