Van Den Berg Management I Inc. Has $4.48 Million Stake in Bristow Group Inc. $VTOL

Van Den Berg Management I Inc. raised its holdings in Bristow Group Inc. (NYSE:VTOL) by 16.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,398 shares of the company’s stock after acquiring an additional 15,471 shares during the period. Van Den Berg Management I Inc. owned about 0.37% of Bristow Group worth $4,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in Bristow Group by 8.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,509 shares of the company’s stock valued at $211,000 after buying an additional 340 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Bristow Group by 1.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,886 shares of the company’s stock worth $801,000 after acquiring an additional 368 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Bristow Group by 0.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 79,189 shares of the company’s stock valued at $2,900,000 after acquiring an additional 402 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Bristow Group by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock worth $461,000 after purchasing an additional 609 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Bristow Group in the 2nd quarter worth $27,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Bristow Group Price Performance

NYSE:VTOL opened at $43.63 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26. The stock’s 50-day simple moving average is $44.38 and its 200 day simple moving average is $44.85. The company has a market cap of $1.29 billion, a P/E ratio of 12.57 and a beta of 1.22. Bristow Group Inc. has a 52-week low of $35.03 and a 52-week high of $50.38.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.19). The company had revenue of $411.75 million for the quarter, compared to analyst estimates of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. As a group, sell-side analysts forecast that Bristow Group Inc. will post 3.31 EPS for the current fiscal year.

Bristow Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 14th. Bristow Group’s dividend payout ratio is 14.41%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on VTOL shares. Wall Street Zen lowered Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research upgraded Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $60.00.

Insider Buying and Selling at Bristow Group

In other news, Director Lorin L. Brass sold 1,890 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $46.56, for a total transaction of $87,998.40. Following the transaction, the director directly owned 18,873 shares in the company, valued at $878,726.88. The trade was a 9.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Stuart Stavley sold 10,218 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $46.20, for a total transaction of $472,071.60. Following the completion of the sale, the chief operating officer owned 64,740 shares of the company’s stock, valued at $2,990,988. This trade represents a 13.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,148 shares of company stock worth $608,365 over the last ninety days. Insiders own 12.80% of the company’s stock.

About Bristow Group

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.