Perennial Advisors LLC Makes New Investment in Bristow Group Inc. (NYSE:VTOL)

Perennial Advisors LLC bought a new position in shares of Bristow Group Inc. (NYSE:VTOL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,025 shares of the company’s stock, valued at approximately $222,000.

Several other large investors also recently bought and sold shares of VTOL. Western Standard LLC boosted its holdings in shares of Bristow Group by 41.5% in the 4th quarter. Western Standard LLC now owns 563,318 shares of the company’s stock valued at $19,322,000 after acquiring an additional 165,318 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Bristow Group by 22.4% in the 4th quarter. American Century Companies Inc. now owns 578,940 shares of the company’s stock valued at $19,858,000 after acquiring an additional 105,834 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Bristow Group by 115.6% in the 4th quarter. JPMorgan Chase & Co. now owns 157,978 shares of the company’s stock valued at $5,419,000 after acquiring an additional 84,721 shares during the last quarter. Hartree Partners LP purchased a new stake in shares of Bristow Group in the 4th quarter valued at $2,550,000. Finally, Intech Investment Management LLC boosted its holdings in shares of Bristow Group by 1,139.5% in the 4th quarter. Intech Investment Management LLC now owns 75,908 shares of the company’s stock valued at $2,604,000 after acquiring an additional 69,784 shares during the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Bristow Group Stock Up 2.4%

VTOL stock opened at $30.35 on Friday. The firm’s fifty day simple moving average is $29.08 and its 200-day simple moving average is $32.74. The company has a market capitalization of $873.23 million, a P/E ratio of 16.32 and a beta of 1.32. 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 12 month low of $25.11 and a 12 month high of $41.50.

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

Insider Buying and Selling

In other Bristow Group news, Director Maryanne Miller sold 2,200 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $616,411.95. This represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $32.08, for a total transaction of $316,790.00. Following the transaction, the insider now owns 3,166,821 shares of the company’s stock, valued at $101,591,617.68. This represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,175 shares of company stock valued at $390,720. Corporate insiders own 14.90% of the company’s stock.

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.