Quest Partners LLC Increases Holdings in Bristow Group Inc. (NYSE:VTOL)

Quest Partners LLC lifted its position in Bristow Group Inc. (NYSE:VTOL) by 32.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,138 shares of the company’s stock after purchasing an additional 1,511 shares during the quarter. Quest Partners LLC’s holdings in Bristow Group were worth $213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its position in shares of Bristow Group by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock valued at $315,000 after acquiring an additional 620 shares in the last quarter. Empyrean Capital Partners LP lifted its position in shares of Bristow Group by 9.0% in the second quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company’s stock valued at $37,554,000 after acquiring an additional 92,086 shares in the last quarter. Clayton Partners LLC lifted its position in shares of Bristow Group by 25.6% in the second quarter. Clayton Partners LLC now owns 434,923 shares of the company’s stock valued at $14,583,000 after acquiring an additional 88,742 shares in the last quarter. Bailard Inc. purchased a new position in shares of Bristow Group in the second quarter valued at approximately $241,000. Finally, Vanguard Group Inc. lifted its position in shares of Bristow Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,698,384 shares of the company’s stock valued at $46,196,000 after acquiring an additional 6,152 shares in the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Bristow Group Trading Up 1.0 %

Shares of NYSE VTOL opened at $37.94 on Thursday. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The stock has a fifty day simple moving average of $35.58 and a 200-day simple moving average of $35.55. The stock has a market capitalization of $1.09 billion, a PE ratio of 20.40 and a beta of 1.31.

Bristow Group (NYSE:VTOL) last released its 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. The firm had revenue of $365.12 million during the quarter. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. During the same period in the previous year, the firm earned $0.41 earnings per share.

Insider Activity

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 4,255 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $38.02, for a total transaction of $161,775.10. Following the transaction, the insider now owns 3,226,948 shares in the company, valued at approximately $122,688,562.96. The trade was a 0.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 169,858 shares of company stock valued at $6,490,446. Insiders own 14.90% of the company’s stock.

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.