Bristow Group (NYSE:VTOL) Hits New 52-Week High – Here’s Why

Bristow Group Inc. (NYSE:VTOL)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $46.28 and last traded at $45.7440, with a volume of 12150 shares changing hands. The stock had previously closed at $44.20.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VTOL shares. JonesTrading initiated coverage on shares of Bristow Group in a report on Friday, January 23rd. They issued a “buy” rating on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, January 21st. Finally, Raymond James Financial began coverage on Bristow Group in a research note on Tuesday. They issued an “outperform” rating and a $60.00 price target for the company. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Bristow Group presently has an average rating of “Buy” and a consensus price target of $60.00.

Bristow Group Stock Performance

The firm’s 50-day moving average price is $40.44 and its two-hundred day moving average price is $38.72. The firm has a market capitalization of $1.32 billion, a PE ratio of 9.58 and a beta of 1.38. The company has a quick ratio of 1.53, a current ratio of 1.91 and a debt-to-equity ratio of 0.63.

Insider Activity

In related news, Director Lorin L. Brass sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $38.00, for a total transaction of $95,000.00. Following the transaction, the director owned 21,705 shares of the company’s stock, valued at approximately $824,790. The trade was a 10.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 13.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Amalgamated Bank grew its holdings in shares of Bristow Group by 3.7% during the 3rd quarter. Amalgamated Bank now owns 7,253 shares of the company’s stock worth $262,000 after purchasing an additional 256 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Bristow Group by 1.7% in 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 valued at $801,000 after acquiring an additional 368 shares during the period. Goldman Sachs Group Inc. raised its stake in Bristow Group by 0.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 79,189 shares of the company’s stock worth $2,900,000 after acquiring an additional 402 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Bristow Group by 23.7% during the second quarter. Ameritas Investment Partners Inc. now owns 2,905 shares of the company’s stock valued at $96,000 after acquiring an additional 557 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 valued at $461,000 after purchasing an additional 609 shares in the last quarter. Institutional investors own 93.29% 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.