Bristow Group Inc. (NYSE:VTOL) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board trimmed its holdings in Bristow Group Inc. (NYSE:VTOL) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,230 shares of the company’s stock after selling 900 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.18% of Bristow Group worth $1,812,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VTOL. nVerses Capital LLC acquired a new position in Bristow Group in the second quarter valued at $64,000. Innealta Capital LLC purchased a new stake in Bristow Group during the 2nd quarter valued at approximately $74,000. Abner Herrman & Brock LLC purchased a new stake in Bristow Group during the 3rd quarter valued at approximately $201,000. Intech Investment Management LLC purchased a new position in shares of Bristow Group in the 3rd quarter valued at approximately $212,000. Finally, Quest Partners LLC grew its stake in shares of Bristow Group by 32.7% in the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock valued at $213,000 after purchasing an additional 1,511 shares during the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

Bristow Group Trading Down 2.3 %

Shares of Bristow Group stock opened at $35.99 on Friday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 19.35 and a beta of 1.34. Bristow Group Inc. has a 52-week low of $24.33 and a 52-week high of $41.50. The company’s 50-day simple moving average is $35.73 and its 200-day simple moving average is $35.61. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68.

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

Wall Street Analyst Weigh In

Separately, Benchmark increased their price target on Bristow Group from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 8th.

Insider Transactions at Bristow Group

In related news, major shareholder Alternative Asset Manage Solus sold 4,255 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $38.02, for a total value of $161,775.10. Following the sale, the insider now owns 3,226,948 shares in the company, valued at $122,688,562.96. This represents a 0.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 94,858 shares of company stock valued at $3,527,946 in the last ninety days. 14.90% of the stock is currently owned by company insiders.

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.