Bristow Group Inc. (NYSE:VTOL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in shares of Bristow Group Inc. (NYSE:VTOL) by 9.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 577,810 shares of the company’s stock after selling 61,056 shares during the period. Wellington Management Group LLP owned 2.02% of Bristow Group worth $20,044,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of Bristow Group by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock worth $315,000 after acquiring an additional 620 shares in the last quarter. Empyrean Capital Partners LP raised its position in shares of Bristow Group by 9.0% during the 2nd quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company’s stock worth $37,554,000 after acquiring an additional 92,086 shares in the last quarter. Clayton Partners LLC raised its position in shares of Bristow Group by 25.6% during the 2nd quarter. Clayton Partners LLC now owns 434,923 shares of the company’s stock worth $14,583,000 after acquiring an additional 88,742 shares in the last quarter. Bailard Inc. acquired a new stake in shares of Bristow Group during the 2nd quarter worth about $241,000. Finally, Algert Global LLC raised its position in shares of Bristow Group by 21.1% during the 2nd quarter. Algert Global LLC now owns 61,004 shares of the company’s stock worth $2,045,000 after acquiring an additional 10,634 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Insiders Place Their Bets

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 4,255 shares of Bristow Group stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $38.02, for a total transaction of $161,775.10. Following the transaction, the insider now owns 3,226,948 shares of the company’s stock, valued at $122,688,562.96. The trade was a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 94,858 shares of company stock valued at $3,527,946 over the last quarter. Company insiders own 14.90% of the company’s stock.

Bristow Group Price Performance

Shares of NYSE VTOL opened at $34.43 on Friday. The firm has a market capitalization of $985.66 million, a PE ratio of 18.51 and a beta of 1.34. Bristow Group Inc. has a fifty-two week low of $24.33 and a fifty-two week high of $41.50. The stock’s 50-day simple moving average is $35.75 and its 200-day simple moving average is $35.55. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.61 by $0.34. The company had revenue of $365.12 million for the quarter. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. During the same period last year, the firm earned $0.41 EPS.

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.