State Street Corp Has $32.52 Million Stock Position in Bristow Group Inc. (NYSE:VTOL)

State Street Corp increased its holdings in shares of Bristow Group Inc. (NYSE:VTOL) by 2.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 937,527 shares of the company’s stock after purchasing an additional 19,317 shares during the quarter. State Street Corp’s holdings in Bristow Group were worth $32,523,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in Bristow Group by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 185,104 shares of the company’s stock worth $6,207,000 after buying an additional 5,402 shares during the last quarter. Bailard Inc. acquired a new position in shares of Bristow Group during the 2nd quarter worth $241,000. Innealta Capital LLC bought a new position in shares of Bristow Group during the 2nd quarter valued at $74,000. nVerses Capital LLC acquired a new stake in shares of Bristow Group in the 2nd quarter valued at $64,000. Finally, Rhumbline Advisers boosted its holdings in Bristow Group by 1.0% in the second quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock worth $2,611,000 after purchasing an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Bristow Group Stock Performance

VTOL opened at $32.61 on Friday. Bristow Group Inc. has a 52-week low of $24.33 and a 52-week high of $41.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. The stock has a 50-day moving average of $35.59 and a 200-day moving average of $35.47. The company has a market cap of $933.56 million, a PE ratio of 17.53 and a beta of 1.34.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.95 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 period in the prior year, the firm earned $0.41 earnings per share.

Insider Transactions at Bristow Group

In related news, major shareholder Alternative Asset Manage Solus sold 714 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $38.02, for a total value of $27,146.28. Following the completion of the transaction, the insider now owns 3,276,203 shares of the company’s stock, valued at $124,561,238.06. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 94,858 shares of company stock valued at $3,527,946. 14.90% of the stock is owned by corporate 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.