Sanctuary Advisors LLC Makes New $716,000 Investment in Bristow Group Inc. $VTOL

Sanctuary Advisors LLC purchased a new position in shares of Bristow Group Inc. (NYSE:VTOL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,336 shares of the company’s stock, valued at approximately $716,000. Sanctuary Advisors LLC owned 0.06% of Bristow Group as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VTOL. BlackRock Inc. purchased a new stake in Bristow Group during the second quarter worth about $162,017,000. Encompass Capital Advisors LLC acquired a new position in Bristow Group during the fourth quarter worth about $25,613,000. Fearnley Asset Management AS purchased a new position in Bristow Group in the fourth quarter valued at about $16,942,000. Boston Partners purchased a new position in Bristow Group in the fourth quarter valued at about $13,486,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Bristow Group during the 2nd quarter valued at approximately $7,463,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on VTOL. Zacks Research upgraded Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Finally, Wall Street Zen cut Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Insiders Place Their Bets

In related news, Director Lorin L. Brass sold 1,890 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $46.56, for a total transaction of $87,998.40. Following the sale, the director owned 18,873 shares of the company’s stock, valued at $878,726.88. This trade represents a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stuart Stavley sold 10,218 shares of Bristow Group stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $46.20, for a total value of $472,071.60. Following the sale, the chief operating officer owned 64,740 shares of the company’s stock, valued at approximately $2,990,988. This represents a 13.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 13,148 shares of company stock valued at $608,365. Insiders own 12.80% of the company’s stock.

Bristow Group Stock Performance

Shares of VTOL opened at $43.63 on Friday. Bristow Group Inc. has a 12-month low of $35.03 and a 12-month high of $50.38. The stock has a market cap of $1.29 billion, a P/E ratio of 12.57 and a beta of 1.22. The company has a current ratio of 2.26, a quick ratio of 1.85 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average of $44.38 and a two-hundred day moving average of $44.85.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.19). Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. The business had revenue of $411.75 million during the quarter, compared to analyst estimates of $407.28 million. As a group, research analysts predict that Bristow Group Inc. will post 3.31 EPS for the current fiscal year.

Bristow Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.50 annualized dividend and a yield of 1.1%. Bristow Group’s dividend payout ratio (DPR) is presently 14.41%.

About Bristow Group

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.