Encompass Capital Advisors LLC Buys Shares of 699,429 Bristow Group Inc. $VTOL

Encompass Capital Advisors LLC bought a new stake in Bristow Group Inc. (NYSE:VTOL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 699,429 shares of the company’s stock, valued at approximately $25,613,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Bristow Group in the second quarter valued at about $25,000. Clearstead Advisors LLC grew its stake in shares of Bristow Group by 1,450.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after acquiring an additional 1,001 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Bristow Group by 1,645.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock worth $41,000 after acquiring an additional 1,053 shares during the last quarter. Strs Ohio purchased a new stake in shares of Bristow Group during the first quarter worth about $44,000. Finally, Wolverine Asset Management LLC grew its stake in shares of Bristow Group by 121.4% during the fourth quarter. Wolverine Asset Management LLC now owns 1,824 shares of the company’s stock worth $67,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Finally, Zacks Research lowered Bristow Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Insider Buying and Selling

In related news, Director Lorin L. Brass sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the sale, the director owned 17,455 shares in the company, valued at $785,475. This represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.40% of the stock is currently owned by corporate insiders.

Bristow Group Price Performance

Shares of VTOL stock opened at $42.46 on Thursday. Bristow Group Inc. has a fifty-two week low of $31.75 and a fifty-two week high of $50.38. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 11.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.79 and a current ratio of 2.15. The stock’s 50-day simple moving average is $44.89 and its 200-day simple moving average is $43.06.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.57). Bristow Group had a return on equity of 11.10% and a net margin of 7.51%.The business had revenue of $388.71 million for the quarter, compared to analysts’ expectations of $383.68 million. As a group, equities analysts forecast that Bristow Group Inc. will post 3.87 earnings per share for the current fiscal year.

Bristow Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.125 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. Bristow Group’s dividend payout ratio is currently 13.02%.

Bristow Group Company Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.