Perennial Advisors LLC Takes Position in Bristow Group Inc. (NYSE:VTOL)

Perennial Advisors LLC bought a new stake in Bristow Group Inc. (NYSE:VTOL) in the first quarter, Holdings Channel.com reports. The firm bought 7,025 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds have also modified their holdings of VTOL. Empowered Funds LLC raised its position in shares of Bristow Group by 127.5% in the fourth quarter. Empowered Funds LLC now owns 84,982 shares of the company’s stock valued at $2,915,000 after buying an additional 47,620 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Bristow Group by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 119,379 shares of the company’s stock valued at $4,095,000 after buying an additional 3,356 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of Bristow Group by 105.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock valued at $59,000 after buying an additional 34,400 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Bristow Group by 9.5% in the fourth quarter. Bank of New York Mellon Corp now owns 177,281 shares of the company’s stock valued at $6,081,000 after buying an additional 15,440 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Bristow Group in the fourth quarter valued at about $1,556,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Bristow Group Price Performance

Bristow Group stock opened at $30.35 on Friday. Bristow Group Inc. has a 12-month low of $25.11 and a 12-month high of $41.50. The stock has a market cap of $873.23 million, a P/E ratio of 16.32 and a beta of 1.32. The company has a 50-day moving average price of $29.08 and a 200 day moving average price of $32.74. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.34. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The firm had revenue of $350.53 million during the quarter, compared to analysts’ expectations of $353.00 million.

Insider Buying and Selling

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $32.08, for a total transaction of $316,790.00. Following the completion of the transaction, the insider now owns 3,166,821 shares of the company’s stock, valued at $101,591,617.68. This trade represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Maryanne Miller sold 2,200 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total transaction of $70,730.00. Following the transaction, the director now directly owns 19,173 shares of the company’s stock, valued at approximately $616,411.95. This trade represents a 10.29% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,175 shares of company stock worth $390,720. Insiders own 14.90% of the company’s stock.

About Bristow Group

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.