Sanctuary Advisors LLC Takes $797,000 Position in Bristow Group Inc. $VTOL

Sanctuary Advisors LLC purchased a new position in Bristow Group Inc. (NYSE:VTOL) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,992 shares of the company’s stock, valued at approximately $797,000. Sanctuary Advisors LLC owned approximately 0.06% of Bristow Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake in Bristow Group by 2.0% during the first quarter. Principal Financial Group Inc. now owns 122,432 shares of the company’s stock valued at $5,741,000 after buying an additional 2,378 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Bristow Group by 4,869.7% during the first quarter. Fifth Third Bancorp now owns 5,417 shares of the company’s stock valued at $254,000 after acquiring an additional 5,308 shares during the period. Lee Danner & Bass Inc. purchased a new position in Bristow Group during the 1st quarter worth approximately $6,611,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Bristow Group during the first quarter valued at $1,521,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Bristow Group during the 1st quarter valued at about $1,240,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Stock Up 0.0%

Bristow Group stock opened at $45.72 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.15 and a quick ratio of 1.79. The firm has a fifty day moving average price of $42.78 and a two-hundred day moving average price of $44.24. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 11.91 and a beta of 1.23. Bristow Group Inc. has a fifty-two week low of $32.76 and a fifty-two week high of $50.38.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.57). The business had revenue of $388.71 million for the quarter, compared to analyst estimates of $383.68 million. Bristow Group had a return on equity of 11.10% and a net margin of 7.51%. As a group, analysts forecast that Bristow Group Inc. will post 3.87 earnings per share for the current year.

Bristow Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. Bristow Group’s payout ratio is 13.02%.

Analyst Upgrades and Downgrades

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

Bristow Group Profile

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.