Bristow Group (NYSE:VTOL) Upgraded by Raymond James Financial to “Moderate Buy” Rating

Bristow Group (NYSE:VTOL) was upgraded by Raymond James Financial to a “moderate buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on VTOL. JonesTrading began coverage on shares of Bristow Group in a research note on Friday, January 23rd. They issued a “buy” rating for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $60.00.

Bristow Group Trading Up 1.9%

Bristow Group stock opened at $46.88 on Tuesday. The stock has a market cap of $1.36 billion, a P/E ratio of 9.81 and a beta of 1.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.91. The firm’s fifty day moving average price is $40.82 and its 200-day moving average price is $38.83. Bristow Group has a fifty-two week low of $25.11 and a fifty-two week high of $46.94.

Insider Transactions at Bristow Group

In other news, Director Lorin L. Brass sold 2,500 shares of the stock in a transaction that occurred 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 sale, the director directly owned 21,705 shares in the company, valued at approximately $824,790. This represents a 10.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bristow Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC lifted its position in shares of Bristow Group by 22.5% during the second quarter. Empowered Funds LLC now owns 127,942 shares of the company’s stock worth $4,218,000 after purchasing an additional 23,473 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Bristow Group in the third quarter valued at about $3,540,000. 683 Capital Management LLC purchased a new stake in Bristow Group during the second quarter worth about $2,906,000. CenterBook Partners LP grew its stake in Bristow Group by 149.9% in the 3rd quarter. CenterBook Partners LP now owns 93,894 shares of the company’s stock valued at $3,388,000 after acquiring an additional 56,314 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Bristow Group by 9.0% during the 2nd quarter. Geode Capital Management LLC now owns 624,318 shares of the company’s stock valued at $20,588,000 after buying an additional 51,594 shares during the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

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.