Bristow Group Inc. (NYSE:VTOL) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its stake in shares of Bristow Group Inc. (NYSE:VTOL) by 7.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,401 shares of the company’s stock after buying an additional 620 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Bristow Group were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empyrean Capital Partners LP raised its stake in Bristow Group by 9.0% during the second quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company’s stock valued at $37,554,000 after buying an additional 92,086 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Bristow Group by 67.4% in the 2nd quarter. Squarepoint Ops LLC now owns 16,901 shares of the company’s stock worth $567,000 after acquiring an additional 6,806 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Bristow Group in the 2nd quarter worth approximately $907,000. Public Sector Pension Investment Board grew its position in shares of Bristow Group by 6.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 53,130 shares of the company’s stock worth $1,781,000 after acquiring an additional 3,302 shares in the last quarter. Finally, Clayton Partners LLC grew its position in shares of Bristow Group by 25.6% in the 2nd quarter. Clayton Partners LLC now owns 434,923 shares of the company’s stock worth $14,583,000 after acquiring an additional 88,742 shares in the last quarter. Institutional investors own 93.29% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $39.50, for a total value of $2,962,500.00. Following the sale, the insider now owns 3,349,005 shares of the company’s stock, valued at approximately $132,285,697.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $39.50, for a total value of $2,962,500.00. Following the sale, the insider now owns 3,349,005 shares of the company’s stock, valued at approximately $132,285,697.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian D. Truelove sold 3,000 shares of Bristow Group stock in a transaction on Friday, August 9th. The shares were sold at an average price of $37.09, for a total value of $111,270.00. Following the sale, the director now directly owns 33,504 shares in the company, valued at $1,242,663.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.90% of the company’s stock.

Bristow Group Price Performance

Shares of VTOL opened at $34.51 on Friday. The firm has a market cap of $979.84 million, a price-to-earnings ratio of 862.75 and a beta of 1.30. The stock has a 50 day moving average of $36.23 and a 200-day moving average of $33.73. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 52 week low of $24.33 and a 52 week high of $41.50.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.96 earnings per share (EPS) for the quarter. The business had revenue of $359.75 million for the quarter. Bristow Group had a return on equity of 3.79% and a net margin of 2.27%.

Wall Street Analyst Weigh In

Separately, Benchmark lifted their target price 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 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.