Intech Investment Management LLC Sells 40,997 Shares of Bristow Group Inc. $VTOL

Intech Investment Management LLC cut its stake in Bristow Group Inc. (NYSE:VTOL) by 42.3% in the second quarter, HoldingsChannel reports. The fund owned 55,938 shares of the company’s stock after selling 40,997 shares during the period. Intech Investment Management LLC’s holdings in Bristow Group were worth $1,844,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. American Century Companies Inc. grew its stake in shares of Bristow Group by 14.5% during the first quarter. American Century Companies Inc. now owns 663,001 shares of the company’s stock valued at $20,938,000 after purchasing an additional 84,061 shares during the last quarter. Nuveen LLC acquired a new position in Bristow Group during the 1st quarter worth $2,588,000. Geode Capital Management LLC boosted its position in Bristow Group by 9.0% in the 2nd quarter. Geode Capital Management LLC now owns 624,318 shares of the company’s stock valued at $20,588,000 after buying an additional 51,594 shares during the last quarter. Empyrean Capital Partners LP boosted its position in Bristow Group by 4.6% in the 1st quarter. Empyrean Capital Partners LP now owns 1,130,000 shares of the company’s stock valued at $35,685,000 after buying an additional 50,000 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of Bristow Group by 30.8% in the 1st quarter. Bridgeway Capital Management LLC now owns 168,802 shares of the company’s stock valued at $5,331,000 after buying an additional 39,787 shares during the period. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on VTOL. Wall Street Zen raised Bristow Group from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Bristow Group currently has a consensus rating of “Buy”.

Insider Buying and Selling

In related news, Director Robert Manzo sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $38.75, for a total transaction of $232,500.00. Following the completion of the transaction, the director owned 32,583 shares in the company, valued at approximately $1,262,591.25. The trade was a 15.55% 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. Also, major shareholder Alternative Asset Manage Solus sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $38.05, for a total transaction of $7,610,000.00. Following the completion of the sale, the insider directly owned 2,876,796 shares of the company’s stock, valued at $109,462,087.80. The trade was a 6.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 218,500 shares of company stock valued at $8,322,775. Insiders own 13.40% of the company’s stock.

Bristow Group Stock Performance

VTOL stock opened at $36.84 on Friday. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $42.89. The company has a quick ratio of 1.44, a current ratio of 1.81 and a debt-to-equity ratio of 0.69. The company has a market cap of $1.07 billion, a P/E ratio of 9.19 and a beta of 1.34. The business’s fifty day moving average is $38.04 and its 200-day moving average is $35.52.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Wednesday, November 5th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.78. Bristow Group had a return on equity of 12.86% and a net margin of 8.24%.The business had revenue of $386.29 million during the quarter, compared to the consensus estimate of $400.00 million.

Bristow Group 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.