Sanctuary Advisors LLC purchased a new stake in Bristow Group Inc. (NYSE:VTOL – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 17,336 shares of the company’s stock, valued at approximately $716,000.
Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in shares of Bristow Group in the first quarter valued at $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Bristow Group by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock worth $461,000 after buying an additional 609 shares during the period. Jane Street Group LLC lifted its position in Bristow Group by 178.7% during the first quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock worth $1,690,000 after buying an additional 34,317 shares during the period. Strs Ohio acquired a new stake in Bristow Group in the 1st quarter worth about $44,000. Finally, Creative Planning acquired a new stake in Bristow Group in the 2nd quarter worth about $236,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.
Insider Activity
In related news, Director Lorin L. Brass sold 1,890 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $46.56, for a total transaction of $87,998.40. Following the completion of the sale, the director owned 18,873 shares of the company’s stock, valued at approximately $878,726.88. This represents a 9.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stuart Stavley sold 10,218 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $46.20, for a total transaction of $472,071.60. Following the completion of the transaction, the chief operating officer owned 64,740 shares in the company, valued at $2,990,988. The trade was a 13.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,148 shares of company stock worth $608,365 over the last ninety days. Corporate insiders own 12.80% of the company’s stock.
Bristow Group Trading Down 4.9%
Bristow Group (NYSE:VTOL – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. The firm had revenue of $411.75 million during the quarter, compared to analyst estimates of $407.28 million. On average, equities research analysts expect that Bristow Group Inc. will post 3.31 EPS for the current year.
Bristow Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 14th. Bristow Group’s payout ratio is currently 14.41%.
Wall Street Analyst Weigh In
VTOL has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Zacks Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen downgraded shares of Bristow Group from a “buy” rating to a “hold” rating in a 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.
Read Our Latest Report on VTOL
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.
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