Charles Schwab Investment Management Inc. Increases Stock Holdings in Bristow Group Inc. (NYSE:VTOL)

Charles Schwab Investment Management Inc. lifted its position in Bristow Group Inc. (NYSE:VTOL) by 17.3% in the fourth quarter, HoldingsChannel reports. The firm owned 278,138 shares of the company’s stock after buying an additional 41,095 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Bristow Group were worth $9,540,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Graham Capital Wealth Management LLC purchased a new position in Bristow Group during the fourth quarter worth about $2,969,000. Empowered Funds LLC boosted its stake in Bristow Group by 127.5% during the fourth quarter. Empowered Funds LLC now owns 84,982 shares of the company’s stock worth $2,915,000 after buying an additional 47,620 shares during the period. Oppenheimer & Co. Inc. purchased a new position in Bristow Group during the fourth quarter worth about $1,556,000. Wolverine Asset Management LLC boosted its stake in Bristow Group by 105.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock worth $59,000 after buying an additional 34,400 shares during the period. Finally, Western Standard LLC boosted its stake in Bristow Group by 8.0% during the third quarter. Western Standard LLC now owns 398,000 shares of the company’s stock worth $13,807,000 after buying an additional 29,600 shares during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Insider Activity

In other news, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.71, for a total value of $272,245.33. Following the completion of the transaction, the insider now owns 3,188,625 shares of the company’s stock, valued at approximately $104,299,923.75. This trade represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lorin L. Brass sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,027 shares of company stock valued at $1,149,792. 14.90% of the stock is currently owned by company insiders.

Bristow Group Trading Down 2.3 %

Shares of VTOL stock opened at $31.38 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. The firm has a market cap of $898.50 million, a PE ratio of 16.87 and a beta of 1.39. The company has a 50-day moving average of $34.54 and a two-hundred day moving average of $35.05. Bristow Group Inc. has a 1-year low of $24.33 and a 1-year high of $41.50.

Bristow Group (NYSE:VTOL) last announced its 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 company had revenue of $353.53 million during the quarter, compared to analyst estimates of $367.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

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.