Empowered Funds LLC Invests $6.29 Million in Bristow Group Inc. $VTOL

Empowered Funds LLC bought a new position in shares of Bristow Group Inc. (NYSE:VTOL) in the second quarter, HoldingsChannel reports. The fund bought 152,216 shares of the company’s stock, valued at approximately $6,290,000.

Other large investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new stake in Bristow Group during the 1st quarter worth about $1,521,000. Vanguard Group Inc. increased its holdings in shares of Bristow Group by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company’s stock valued at $75,313,000 after acquiring an additional 71,638 shares during the last quarter. Algert Global LLC raised its position in shares of Bristow Group by 17.1% during the 2nd quarter. Algert Global LLC now owns 410,059 shares of the company’s stock worth $16,944,000 after acquiring an additional 59,858 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Bristow Group during the 2nd quarter worth about $162,017,000. Finally, Sei Investments Co. lifted its stake in Bristow Group by 107.1% during the first quarter. Sei Investments Co. now owns 81,589 shares of the company’s stock worth $3,826,000 after purchasing an additional 42,193 shares during the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Lorin L. Brass sold 1,890 shares of Bristow Group stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $46.56, for a total value of $87,998.40. Following the sale, the director owned 18,873 shares of the company’s stock, valued at $878,726.88. The trade was a 9.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stuart Stavley sold 10,218 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $46.20, for a total transaction of $472,071.60. Following the transaction, the chief operating officer owned 64,740 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 13,148 shares of company stock worth $608,365. Insiders own 12.80% of the company’s stock.

Bristow Group Price Performance

Bristow Group stock opened at $43.63 on Monday. Bristow Group Inc. has a 12 month low of $35.03 and a 12 month high of $50.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. The business has a 50 day simple moving average of $44.38 and a 200-day simple moving average of $44.85. The stock has a market capitalization of $1.29 billion, a PE ratio of 12.57 and a beta of 1.22.

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

Bristow Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 14th. Bristow Group’s dividend payout ratio (DPR) is 14.41%.

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.