Dimensional Fund Advisors LP Has $50.03 Million Position in Bristow Group Inc. (NYSE:VTOL)

Dimensional Fund Advisors LP boosted its holdings in Bristow Group Inc. (NYSE:VTOL) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,492,128 shares of the company’s stock after purchasing an additional 87,969 shares during the period. Dimensional Fund Advisors LP owned about 5.26% of Bristow Group worth $50,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of VTOL. nVerses Capital LLC bought a new position in Bristow Group during the second quarter worth about $64,000. Innealta Capital LLC bought a new position in shares of Bristow Group during the second quarter worth approximately $74,000. Perennial Advisors LLC acquired a new stake in Bristow Group in the 2nd quarter worth about $235,000. Bailard Inc. acquired a new position in Bristow Group in the second quarter valued at about $241,000. Finally, Quadrature Capital Ltd raised its position in Bristow Group by 10.9% during the fourth quarter. Quadrature Capital Ltd now owns 15,117 shares of the company’s stock valued at $427,000 after purchasing an additional 1,491 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Insider Transactions at Bristow Group

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $39.50, for a total transaction of $2,962,500.00. Following the completion of the sale, the insider now owns 3,349,005 shares of the company’s stock, valued at approximately $132,285,697.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of Bristow Group stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $39.50, for a total value of $2,962,500.00. Following the completion of the sale, the insider now directly owns 3,349,005 shares in the company, valued at approximately $132,285,697.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian D. Truelove sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $37.09, for a total transaction of $111,270.00. Following the completion of the transaction, the director now directly owns 33,504 shares in the company, valued at approximately $1,242,663.36. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Bristow Group Trading Down 0.1 %

VTOL opened at $34.63 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.53 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. The company has a fifty day moving average price of $36.64 and a two-hundred day moving average price of $33.00. The company has a market cap of $983.25 million, a P/E ratio of 865.75 and a beta of 1.31.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.96 EPS for the quarter. The company had revenue of $359.75 million during the quarter. Bristow Group had a return on equity of 3.79% and a net margin of 2.27%.

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.