Brandywine Global Investment Management LLC Purchases 6,653 Shares of Bristow Group Inc. (NYSE:VTOL)

Brandywine Global Investment Management LLC raised its position in shares of Bristow Group Inc. (NYSE:VTOL) by 7.4% in the fourth quarter, Holdings Channel reports. The firm owned 97,074 shares of the company’s stock after acquiring an additional 6,653 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Bristow Group were worth $3,330,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VTOL. KLP Kapitalforvaltning AS bought a new stake in shares of Bristow Group during the fourth quarter valued at approximately $34,000. Wolverine Asset Management LLC boosted its stake in Bristow Group by 105.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock valued at $59,000 after purchasing an additional 34,400 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Bristow Group in the 3rd quarter worth $212,000. Counterpoint Mutual Funds LLC lifted its holdings in shares of Bristow Group by 82.8% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 11,637 shares of the company’s stock valued at $399,000 after purchasing an additional 5,270 shares in the last quarter. Finally, Birnam Oak Advisors LP purchased a new stake in shares of Bristow Group during the fourth quarter valued at $468,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Insider Activity

In other Bristow Group news, Director Maryanne Miller sold 2,200 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total value of $70,730.00. Following the transaction, the director now owns 19,173 shares of the company’s stock, valued at approximately $616,411.95. This represents a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lorin L. Brass sold 2,700 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the transaction, the director now directly owns 28,104 shares in the company, valued at $1,039,848. The trade was a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,027 shares of company stock valued at $1,149,792 in the last ninety days. 14.90% of the stock is currently owned by company insiders.

Bristow Group Price Performance

NYSE VTOL opened at $33.01 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. The company has a market capitalization of $945.14 million, a price-to-earnings ratio of 17.75 and a beta of 1.39. The stock has a 50-day moving average of $33.93 and a 200 day moving average of $34.89. Bristow Group Inc. has a one year low of $24.33 and a one year high of $41.50.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.46. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The firm had revenue of $353.53 million during the quarter, compared to analysts’ expectations of $367.00 million.

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.