Fmr LLC Sells 75,481 Shares of Bristow Group Inc. (NYSE:VTOL)

Fmr LLC trimmed its holdings in Bristow Group Inc. (NYSE:VTOL) by 50.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,881 shares of the company’s stock after selling 75,481 shares during the period. Fmr LLC’s holdings in Bristow Group were worth $2,563,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Bristow Group in the 2nd quarter valued at approximately $64,000. Innealta Capital LLC bought a new stake in Bristow Group in the 2nd quarter valued at $74,000. Abner Herrman & Brock LLC bought a new position in shares of Bristow Group during the 3rd quarter worth about $201,000. Intech Investment Management LLC bought a new stake in Bristow Group in the third quarter valued at about $212,000. Finally, Quest Partners LLC lifted its stake in Bristow Group by 32.7% during the third 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 period. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Stock Down 2.8 %

Shares of NYSE VTOL opened at $34.43 on Friday. The business has a fifty day moving average of $35.75 and a two-hundred day moving average of $35.54. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. Bristow Group Inc. has a 52-week low of $24.33 and a 52-week high of $41.50. The stock has a market cap of $985.66 million, a PE ratio of 18.51 and a beta of 1.34.

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

Insider Buying and Selling

In related news, major shareholder Alternative Asset Manage Solus sold 2,739 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $38.01, for a total transaction of $104,109.39. Following the completion of the transaction, the insider now directly owns 3,303,356 shares in the company, valued at approximately $125,560,561.56. This trade represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 94,858 shares of company stock valued at $3,527,946 in the last 90 days. 14.90% of the stock is owned by insiders.

Bristow Group 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.