Proficio Capital Partners LLC Takes Position in Bristow Group Inc. (NYSE:VTOL)

Proficio Capital Partners LLC bought a new stake in shares of Bristow Group Inc. (NYSE:VTOL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,749 shares of the company’s stock, valued at approximately $952,000.

A number of other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. acquired a new position in Bristow Group in the fourth quarter worth about $697,000. Charles Schwab Investment Management Inc. lifted its holdings in Bristow Group by 17.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 278,138 shares of the company’s stock worth $9,540,000 after acquiring an additional 41,095 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Bristow Group during the fourth quarter valued at approximately $1,556,000. Bank of New York Mellon Corp raised its holdings in shares of Bristow Group by 9.5% during the fourth quarter. Bank of New York Mellon Corp now owns 177,281 shares of the company’s stock valued at $6,081,000 after buying an additional 15,440 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in shares of Bristow Group by 105.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock valued at $59,000 after buying an additional 34,400 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bristow Group

In other Bristow Group news, Director Maryanne Miller sold 2,200 shares of Bristow Group stock in a transaction that occurred 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 transaction, the director now directly owns 19,173 shares in the company, valued at approximately $616,411.95. The trade was a 10.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.71, for a total transaction of $272,245.33. Following the transaction, the insider now owns 3,188,625 shares in the company, valued at approximately $104,299,923.75. The trade was a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,027 shares of company stock worth $1,149,792 over the last quarter. 14.90% of the stock is currently owned by company insiders.

Bristow Group Stock Performance

VTOL opened at $31.38 on Friday. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The stock has a market cap of $898.50 million, a PE ratio of 16.87 and a beta of 1.39. The business’s 50 day moving average is $34.54 and its 200-day moving average is $35.08.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.46. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The business had revenue of $353.53 million for the quarter, compared to analyst estimates of $367.00 million.

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.