Bristow Group Inc. $VTOL Position Cut by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC lowered its position in shares of Bristow Group Inc. (NYSE:VTOL) by 16.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 587,364 shares of the company’s stock after selling 112,065 shares during the period. Encompass Capital Advisors LLC’s holdings in Bristow Group were worth $27,541,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Quantinno Capital Management LP acquired a new position in Bristow Group during the 1st quarter valued at about $305,000. Lazard Asset Management LLC grew its position in Bristow Group by 16.9% in the 1st quarter. Lazard Asset Management LLC now owns 20,348 shares of the company’s stock worth $954,000 after purchasing an additional 2,938 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of Bristow Group in the first quarter valued at approximately $476,000. Van Den Berg Management I Inc. increased its stake in shares of Bristow Group by 49.1% in the first quarter. Van Den Berg Management I Inc. now owns 92,927 shares of the company’s stock valued at $4,357,000 after purchasing an additional 30,599 shares during the period. Finally, Caxton Associates LLP raised its holdings in shares of Bristow Group by 50.9% during the first quarter. Caxton Associates LLP now owns 25,009 shares of the company’s stock valued at $1,173,000 after buying an additional 8,441 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on VTOL shares. Zacks Research upgraded Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Finally, Wall Street Zen lowered Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Bristow Group Price Performance

VTOL stock opened at $46.21 on Tuesday. The company has a current ratio of 2.15, a quick ratio of 1.79 and a debt-to-equity ratio of 0.69. Bristow Group Inc. has a one year low of $32.76 and a one year high of $50.38. The firm has a market capitalization of $1.37 billion, a PE ratio of 12.03 and a beta of 1.23. The firm has a 50-day moving average of $42.86 and a two-hundred day moving average of $44.29.

Bristow Group (NYSE:VTOL) last released its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.57). Bristow Group had a return on equity of 11.10% and a net margin of 7.51%.The firm had revenue of $388.71 million during the quarter, compared to analysts’ expectations of $383.68 million. On average, analysts forecast that Bristow Group Inc. will post 3.87 earnings per share for the current year.

Bristow Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, May 15th. Bristow Group’s payout ratio is presently 13.02%.

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.