Bristow Group Inc. (NYSE:VTOL) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its holdings in shares of Bristow Group Inc. (NYSE:VTOL) by 6.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 53,130 shares of the company’s stock after buying an additional 3,302 shares during the quarter. Public Sector Pension Investment Board’s holdings in Bristow Group were worth $1,781,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in VTOL. nVerses Capital LLC acquired a new stake in shares of Bristow Group during the 2nd quarter valued at approximately $64,000. Innealta Capital LLC acquired a new stake in shares of Bristow Group during the 2nd quarter valued at approximately $74,000. Perennial Advisors LLC purchased a new position in shares of Bristow Group during the 2nd quarter worth approximately $235,000. Bailard Inc. purchased a new position in shares of Bristow Group during the 2nd quarter worth approximately $241,000. Finally, XTX Topco Ltd purchased a new position in shares of Bristow Group during the 2nd quarter worth approximately $303,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Stock Performance

Shares of VTOL opened at $34.63 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.86 and a quick ratio of 1.53. The firm has a 50 day simple moving average of $36.60 and a 200-day simple moving average of $33.06. Bristow Group Inc. has a 1-year low of $24.33 and a 1-year high of $41.50. The stock has a market cap of $983.25 million, a price-to-earnings ratio of 865.75 and a beta of 1.31.

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the business’s 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 directly 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 can be accessed through this link. In other news, Director Brian D. Truelove sold 3,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $37.09, for a total transaction of $111,270.00. Following the completion of the sale, the director now directly owns 33,504 shares of the company’s stock, valued at approximately $1,242,663.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the business’s 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 sale, the insider now directly owns 3,349,005 shares of the company’s stock, valued at $132,285,697.50. The disclosure for this sale can be found here. 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.