Sanctuary Advisors LLC Buys New Shares in Bristow Group Inc. $VTOL

Sanctuary Advisors LLC bought a new position in shares of Bristow Group Inc. (NYSE:VTOLFree Report) during the first quarter, HoldingsChannel reports. The firm bought 16,992 shares of the company’s stock, valued at approximately $797,000.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in shares of Bristow Group in the first quarter valued at $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Bristow Group by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock valued at $461,000 after buying an additional 609 shares during the period. Jane Street Group LLC increased its stake in Bristow Group by 178.7% in the first quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock valued at $1,690,000 after acquiring an additional 34,317 shares during the period. Strs Ohio acquired a new position in Bristow Group in the first quarter worth about $44,000. Finally, Creative Planning bought a new position in Bristow Group during the second quarter worth about $236,000. Institutional investors own 93.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VTOL shares. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Finally, Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Bristow Group has an average rating of “Moderate Buy” and a consensus price target of $60.00.

View Our Latest Analysis on VTOL

Bristow Group Stock Up 0.0%

VTOL opened at $45.72 on Monday. The firm’s 50-day simple moving average is $42.78 and its 200-day simple moving average is $44.24. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.79 and a current ratio of 2.15. Bristow Group Inc. has a twelve month low of $32.76 and a twelve month high of $50.38. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 11.91 and a beta of 1.23.

Bristow Group (NYSE:VTOLGet Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $383.68 million. Equities research analysts anticipate that Bristow Group Inc. will post 3.87 EPS for the current fiscal year.

Bristow Group Announces Dividend

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

About Bristow Group

(Free Report)

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.

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Institutional Ownership by Quarter for Bristow Group (NYSE:VTOL)

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