Birnam Oak Advisors LP Purchases New Stake in Bristow Group Inc. (NYSE:VTOL)

Birnam Oak Advisors LP bought a new stake in Bristow Group Inc. (NYSE:VTOL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,654 shares of the company’s stock, valued at approximately $468,000. Bristow Group accounts for about 0.2% of Birnam Oak Advisors LP’s holdings, making the stock its 24th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new stake in shares of Bristow Group during the third quarter worth about $572,000. Geode Capital Management LLC boosted its stake in shares of Bristow Group by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 563,014 shares of the company’s stock worth $19,535,000 after acquiring an additional 13,320 shares during the period. Barclays PLC boosted its stake in shares of Bristow Group by 287.1% during the 3rd quarter. Barclays PLC now owns 37,691 shares of the company’s stock worth $1,308,000 after acquiring an additional 27,953 shares during the period. Principal Financial Group Inc. lifted its holdings in Bristow Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 119,379 shares of the company’s stock worth $4,095,000 after purchasing an additional 3,356 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Bristow Group by 26.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 73,257 shares of the company’s stock worth $2,541,000 after purchasing an additional 15,139 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Price Performance

Shares of NYSE VTOL opened at $31.62 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. Bristow Group Inc. has a fifty-two week low of $24.33 and a fifty-two week high of $41.50. The stock has a market capitalization of $905.29 million, a PE ratio of 17.00 and a beta of 1.39. The business has a fifty day moving average price of $34.82 and a two-hundred day moving average price of $35.24.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.46. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The business had revenue of $353.53 million for the quarter, compared to analyst estimates of $367.00 million.

Insider Buying and Selling

In other Bristow Group news, Director Lorin L. Brass sold 2,700 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the transaction, the director now directly owns 28,104 shares of the company’s stock, valued at approximately $1,039,848. This represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.71, for a total value of $386,926.59. Following the completion of the transaction, the insider now directly owns 3,176,796 shares of the company’s stock, valued at $103,912,997.16. The trade was a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,952 shares of company stock valued at $762,272. 14.90% of the stock is owned by company 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.