Donald Smith & CO. Inc. Sells 37,405 Shares of Bristow Group Inc. (NYSE:VTOL)

Donald Smith & CO. Inc. cut its holdings in Bristow Group Inc. (NYSE:VTOL) by 32.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,873 shares of the company’s stock after selling 37,405 shares during the period. Donald Smith & CO. Inc.’s holdings in Bristow Group were worth $2,645,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its holdings in Bristow Group by 259.3% during the 4th quarter. First Eagle Investment Management LLC now owns 48,500 shares of the company’s stock valued at $1,371,000 after acquiring an additional 35,000 shares during the period. Brown Advisory Inc. grew its holdings in shares of Bristow Group by 98.7% in the fourth quarter. Brown Advisory Inc. now owns 696,582 shares of the company’s stock worth $19,692,000 after purchasing an additional 345,971 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Bristow Group in the first quarter worth $414,000. Bailard Inc. bought a new stake in Bristow Group during the 2nd quarter valued at $241,000. Finally, Vanguard Group Inc. boosted its position in Bristow Group by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,698,384 shares of the company’s stock valued at $46,196,000 after buying an additional 6,152 shares during the period. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Brian D. Truelove sold 3,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $37.09, for a total transaction of $111,270.00. Following the sale, the director now owns 33,504 shares of the company’s stock, valued at $1,242,663.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Bristow Group news, Director Brian D. Truelove sold 3,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $37.09, for a total value of $111,270.00. Following the sale, the director now directly owns 33,504 shares of the company’s stock, valued at $1,242,663.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $39.50, for a total value of $2,962,500.00. Following the completion of the sale, the insider now directly owns 3,349,005 shares in the company, valued at $132,285,697.50. The disclosure for this sale can be found here. 14.90% of the stock is owned by company insiders.

Bristow Group Stock Performance

Shares of VTOL stock opened at $33.99 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 52 week low of $24.33 and a 52 week high of $41.50. The firm has a market capitalization of $965.08 million, a price-to-earnings ratio of 849.75 and a beta of 1.31. The stock has a fifty day moving average of $36.52 and a 200 day moving average of $32.34.

Bristow Group (NYSE:VTOL) last posted its earnings results on Tuesday, August 6th. The company reported $0.96 earnings per share for the quarter. The firm had revenue of $359.75 million for the quarter. Bristow Group had a return on equity of 3.79% and a net margin of 2.27%.

Analyst Ratings Changes

Separately, Benchmark boosted their price objective on shares of Bristow Group from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 8th.

Bristow Group Profile

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.