Brightline Capital Management LLC Purchases 1,000 Shares of Bristow Group Inc. (NYSE:VTOL)

Brightline Capital Management LLC raised its position in Bristow Group Inc. (NYSE:VTOL) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 411,000 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Bristow Group comprises approximately 6.1% of Brightline Capital Management LLC’s holdings, making the stock its 9th largest holding. Brightline Capital Management LLC owned 1.44% of Bristow Group worth $14,258,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Bristow Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,698,384 shares of the company’s stock worth $46,196,000 after purchasing an additional 6,152 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Bristow Group by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,492,128 shares of the company’s stock valued at $50,031,000 after acquiring an additional 87,969 shares in the last quarter. Empyrean Capital Partners LP raised its position in Bristow Group by 9.0% in the second quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company’s stock worth $37,554,000 after purchasing an additional 92,086 shares in the last quarter. Clayton Partners LLC raised its position in Bristow Group by 25.6% in the second quarter. Clayton Partners LLC now owns 434,923 shares of the company’s stock worth $14,583,000 after purchasing an additional 88,742 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Bristow Group by 16.6% during the second quarter. American Century Companies Inc. now owns 321,157 shares of the company’s stock worth $10,768,000 after purchasing an additional 45,738 shares during the period. Institutional investors own 93.29% of the company’s stock.

Bristow Group Price Performance

VTOL traded up $0.24 during trading on Wednesday, hitting $37.81. The company’s stock had a trading volume of 184 shares, compared to its average volume of 121,236. The firm’s 50 day moving average price is $35.53 and its two-hundred day moving average price is $35.53. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 20.20 and a beta of 1.31. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 12 month low of $24.33 and a 12 month high of $41.50.

Bristow Group (NYSE:VTOL) last announced its earnings results on Tuesday, November 5th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.34. The company had revenue of $365.12 million during the quarter. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. During the same period in the prior year, the firm posted $0.41 earnings per share.

Analyst Upgrades and Downgrades

Separately, Benchmark boosted their price target 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.

Insider Activity

In related news, major shareholder Alternative Asset Manage Solus sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $36.20, for a total transaction of $1,629,000.00. Following the completion of the transaction, the insider now owns 3,231,203 shares in the company, valued at approximately $116,969,548.60. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 169,858 shares of company stock valued at $6,490,446. 14.90% of the stock is currently owned by insiders.

Bristow Group Company 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.