Victory Capital Management Inc. Invests $697,000 in Bristow Group Inc. (NYSE:VTOL)

Victory Capital Management Inc. bought a new position in shares of Bristow Group Inc. (NYSE:VTOL) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 20,332 shares of the company’s stock, valued at approximately $697,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wolverine Asset Management LLC lifted its holdings in Bristow Group by 105.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock worth $59,000 after purchasing an additional 34,400 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Bristow Group during the 3rd quarter worth approximately $212,000. Quest Partners LLC lifted its holdings in Bristow Group by 32.7% during the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock worth $213,000 after purchasing an additional 1,511 shares during the last quarter. ClearAlpha Technologies LP acquired a new stake in Bristow Group during the 3rd quarter worth approximately $250,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Bristow Group during the 3rd quarter worth approximately $298,000. 93.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Bristow Group

In related news, Director Maryanne Miller sold 2,200 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total transaction of $70,730.00. Following the sale, the director now owns 19,173 shares in the company, valued at $616,411.95. This represents a 10.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lorin L. Brass sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the transaction, the director now directly owns 28,104 shares in the company, valued at approximately $1,039,848. This trade represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,027 shares of company stock valued at $1,149,792 in the last three months. Corporate insiders own 14.90% of the company’s stock.

Bristow Group Stock Performance

NYSE:VTOL opened at $31.38 on Friday. The stock has a market cap of $898.50 million, a P/E ratio of 16.87 and a beta of 1.39. The stock has a 50 day simple moving average of $34.54 and a 200 day simple moving average of $35.08. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 1-year low of $24.33 and a 1-year high of $41.50.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.46. The business had revenue of $353.53 million during the quarter, compared to analysts’ expectations of $367.00 million. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%.

About Bristow Group

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.