Taconic Capital Advisors LP Has $37.66 Million Stake in Bristow Group Inc. (NYSE:VTOL)

Taconic Capital Advisors LP increased its position in shares of Bristow Group Inc. (NYSE:VTOL) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,097,927 shares of the company’s stock after buying an additional 50,900 shares during the period. Bristow Group accounts for about 13.2% of Taconic Capital Advisors LP’s investment portfolio, making the stock its 3rd largest holding. Taconic Capital Advisors LP’s holdings in Bristow Group were worth $37,659,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VTOL. Dimensional Fund Advisors LP increased its holdings in Bristow Group by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,621,027 shares of the company’s stock valued at $55,600,000 after buying an additional 48,852 shares during the period. Medina Value Partners LLC raised its position in Bristow Group by 5.2% in the fourth quarter. Medina Value Partners LLC now owns 618,036 shares of the company’s stock worth $21,199,000 after purchasing an additional 30,568 shares in the last quarter. American Century Companies Inc. lifted its stake in Bristow Group by 22.4% during the fourth quarter. American Century Companies Inc. now owns 578,940 shares of the company’s stock worth $19,858,000 after purchasing an additional 105,834 shares during the period. Clayton Partners LLC boosted its holdings in Bristow Group by 0.5% during the fourth quarter. Clayton Partners LLC now owns 448,352 shares of the company’s stock valued at $15,378,000 after purchasing an additional 2,206 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Bristow Group by 8.5% in the 4th quarter. Invesco Ltd. now owns 427,731 shares of the company’s stock valued at $14,671,000 after purchasing an additional 33,514 shares during the period. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bristow Group

In other news, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.71, for a total value of $272,245.33. Following the completion of the sale, the insider now directly owns 3,188,625 shares in the company, valued at approximately $104,299,923.75. This trade represents a 0.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lorin L. Brass sold 2,700 shares of Bristow Group stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $37.00, for a total value 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 $1,039,848. This represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,027 shares of company stock valued at $1,149,792 in the last ninety days. Insiders own 14.90% of the company’s stock.

Bristow Group Trading Up 0.1%

Shares of VTOL opened at $29.99 on Monday. The stock has a 50 day simple moving average of $29.75 and a 200-day simple moving average of $33.45. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The stock has a market cap of $862.96 million, a PE ratio of 16.12 and a beta of 1.32. Bristow Group Inc. has a 1 year low of $25.11 and a 1 year high of $41.50.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.34. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The company had revenue of $350.53 million during the quarter, compared to analysts’ expectations of $353.00 million.

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.