Atom Investors LP Purchases 1,363 Shares of Bristow Group Inc. (NYSE:VTOL)

Atom Investors LP grew its position in Bristow Group Inc. (NYSE:VTOL) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 92,536 shares of the company’s stock after purchasing an additional 1,363 shares during the period. Atom Investors LP’s holdings in Bristow Group were worth $3,210,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Bristow Group by 0.4% during the first quarter. Vanguard Group Inc. now owns 1,698,384 shares of the company’s stock valued at $46,196,000 after acquiring an additional 6,152 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Bristow Group by 66.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 30,299 shares of the company’s stock valued at $824,000 after purchasing an additional 12,063 shares during the period. Comerica Bank raised its stake in shares of Bristow Group by 103.1% in the first quarter. Comerica Bank now owns 22,504 shares of the company’s stock worth $612,000 after purchasing an additional 11,425 shares during the last quarter. Perennial Advisors LLC acquired a new stake in shares of Bristow Group during the second quarter worth about $235,000. Finally, Bank of New York Mellon Corp boosted its position in Bristow Group by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 185,104 shares of the company’s stock valued at $6,207,000 after buying an additional 5,402 shares during the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

Bristow Group Stock Performance

Shares of VTOL stock opened at $38.22 on Monday. Bristow Group Inc. has a 52-week low of $24.33 and a 52-week high of $41.50. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.09 billion, a PE ratio of 20.55 and a beta of 1.31. The business has a 50-day simple moving average of $35.66 and a 200-day simple moving average of $35.59.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.34. The company had revenue of $365.12 million during the quarter. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. During the same period in the previous year, the firm posted $0.41 earnings per share.

Insider Activity at Bristow Group

In related news, major shareholder Alternative Asset Manage Solus sold 42,150 shares of Bristow Group stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $38.10, for a total value of $1,605,915.00. Following the completion of the transaction, the insider now owns 3,306,855 shares in the company, valued at $125,991,175.50. The trade was a 1.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 94,858 shares of company stock worth $3,527,946 in the last three months. Company insiders own 14.90% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark lifted their price objective on shares of Bristow Group from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, August 8th.

Bristow Group Company 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.