Lee Danner & Bass Inc. Takes Position in Bristow Group Inc. $VTOL

Lee Danner & Bass Inc. purchased a new position in Bristow Group Inc. (NYSE:VTOL) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 141,000 shares of the company’s stock, valued at approximately $6,611,000.

Other institutional investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in Bristow Group in the first quarter valued at about $1,521,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Bristow Group during the first quarter worth about $1,240,000. Strs Ohio acquired a new position in shares of Bristow Group during the 1st quarter worth about $61,000. Louisiana State Employees Retirement System acquired a new position in shares of Bristow Group during the 1st quarter worth about $525,000. Finally, OP Asset Management Ltd bought a new stake in shares of Bristow Group in the 1st quarter valued at about $1,766,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on VTOL shares. Wall Street Zen downgraded shares of Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research cut shares of Bristow Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.00.

Bristow Group Stock Down 0.4%

Shares of Bristow Group stock opened at $41.23 on Friday. The firm has a market cap of $1.22 billion, a PE ratio of 10.74 and a beta of 1.23. The business’s 50 day simple moving average is $43.21 and its 200 day simple moving average is $43.42. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.79 and a current ratio of 2.15. Bristow Group Inc. has a 52-week low of $32.76 and a 52-week high of $50.38.

Bristow Group (NYSE:VTOL) last released 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). The firm had revenue of $388.71 million for the quarter, compared to analyst estimates of $383.68 million. Bristow Group had a return on equity of 11.10% and a net margin of 7.51%. On average, analysts predict that Bristow Group Inc. will post 3.87 earnings per share for the current fiscal year.

Bristow Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 15th. Bristow Group’s 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.