Bristow Group (NYSE:VTOL) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Bristow Group (NYSE:VTOL) to a hold rating in a research note published on Thursday morning,Zacks.com reports.

Other analysts have also recently issued reports about the company. Raymond James Financial assumed coverage on Bristow Group in a research report on Tuesday. They set an “outperform” rating and a $60.00 price objective on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. Finally, JonesTrading initiated coverage on shares of Bristow Group in a research note on Friday, January 23rd. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Bristow Group Stock Down 0.7%

NYSE VTOL opened at $46.58 on Thursday. Bristow Group has a twelve month low of $25.11 and a twelve month high of $47.00. The stock has a market cap of $1.35 billion, a PE ratio of 9.74 and a beta of 1.38. The firm has a 50-day simple moving average of $41.02 and a 200 day simple moving average of $38.91. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.91.

Insider Transactions at Bristow Group

In other Bristow Group news, Director Lorin L. Brass sold 2,500 shares of Bristow Group 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 completion of the transaction, the director directly owned 21,705 shares of the company’s stock, valued at approximately $824,790. This trade represents a 10.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 13.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bristow Group

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Bristow Group by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company’s stock valued at $75,313,000 after acquiring an additional 71,638 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Bristow Group by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,707,518 shares of the company’s stock worth $62,529,000 after purchasing an additional 29,192 shares during the last quarter. Taconic Capital Advisors LP increased its stake in shares of Bristow Group by 6.4% in the second quarter. Taconic Capital Advisors LP now owns 1,331,073 shares of the company’s stock valued at $43,885,000 after buying an additional 80,000 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Bristow Group by 21.3% in the second quarter. Brown Advisory Inc. now owns 1,224,954 shares of the company’s stock valued at $40,387,000 after buying an additional 215,214 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Bristow Group by 3.5% in the fourth quarter. State Street Corp now owns 1,050,646 shares of the company’s stock valued at $38,475,000 after buying an additional 35,080 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

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.