Marshall Wace LLP Cuts Stock Holdings in Bristow Group Inc. (NYSE:VTOL)

Marshall Wace LLP cut its stake in shares of Bristow Group Inc. (NYSE:VTOL) by 13.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,842 shares of the company’s stock after selling 6,409 shares during the period. Marshall Wace LLP’s holdings in Bristow Group were worth $1,469,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Barclays PLC grew its stake in shares of Bristow Group by 39.7% during the 4th quarter. Barclays PLC now owns 52,647 shares of the company’s stock valued at $1,806,000 after buying an additional 14,956 shares during the period. Sterling Capital Management LLC grew its stake in shares of Bristow Group by 795.5% during the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company’s stock valued at $27,000 after buying an additional 700 shares during the period. Invesco Ltd. grew its stake in shares of Bristow Group by 8.5% during the 4th quarter. Invesco Ltd. now owns 427,731 shares of the company’s stock valued at $14,671,000 after buying an additional 33,514 shares during the period. Wells Fargo & Company MN grew its stake in shares of Bristow Group by 29.6% during the 4th quarter. Wells Fargo & Company MN now owns 14,841 shares of the company’s stock valued at $509,000 after buying an additional 3,392 shares during the period. Finally, Donald Smith & CO. Inc. grew its stake in shares of Bristow Group by 23.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 91,735 shares of the company’s stock valued at $3,147,000 after buying an additional 17,362 shares during the period. 93.29% of the stock is owned by hedge funds and other institutional investors.

Bristow Group Stock Up 0.4 %

Shares of NYSE VTOL opened at $29.94 on Tuesday. Bristow Group Inc. has a 52-week low of $25.11 and a 52-week high of $41.50. The firm has a fifty day moving average of $31.10 and a 200-day moving average of $33.87. The stock has a market capitalization of $861.52 million, a PE ratio of 16.10 and a beta of 1.14. 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 (NYSE:VTOL) last announced its quarterly earnings results 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 net margin of 3.93% and a return on equity of 6.50%. The firm had revenue of $353.53 million during the quarter, compared to analysts’ expectations of $367.00 million.

Insider Buying and Selling

In related news, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.71, for a total transaction of $272,245.33. Following the completion of the sale, the insider now directly owns 3,188,625 shares of the company’s stock, valued at approximately $104,299,923.75. This represents a 0.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maryanne Miller sold 2,200 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total transaction of $70,730.00. Following the completion of the transaction, the director now directly owns 19,173 shares of the company’s stock, valued at approximately $616,411.95. The trade was a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,027 shares of company stock valued at $1,149,792. Company insiders own 14.90% of the company’s stock.

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.