CenterBook Partners LP Has $3.39 Million Stock Holdings in Bristow Group Inc. $VTOL

CenterBook Partners LP grew its stake in Bristow Group Inc. (NYSE:VTOL) by 149.9% during the third quarter, HoldingsChannel.com reports. The firm owned 93,894 shares of the company’s stock after buying an additional 56,314 shares during the period. CenterBook Partners LP’s holdings in Bristow Group were worth $3,388,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in VTOL. Vanguard Group Inc. increased its holdings in Bristow Group by 4.8% in the third quarter. Vanguard Group Inc. now owns 1,984,961 shares of the company’s stock valued at $71,617,000 after purchasing an additional 91,116 shares during the last quarter. Taconic Capital Advisors LP boosted its holdings in Bristow Group by 6.4% during the second quarter. Taconic Capital Advisors LP now owns 1,331,073 shares of the company’s stock worth $43,885,000 after buying an additional 80,000 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Bristow Group by 21.3% during the 2nd quarter. Brown Advisory Inc. now owns 1,224,954 shares of the company’s stock worth $40,387,000 after buying an additional 215,214 shares during the period. American Century Companies Inc. increased its stake in shares of Bristow Group by 13.1% in the 2nd quarter. American Century Companies Inc. now owns 749,674 shares of the company’s stock valued at $24,717,000 after acquiring an additional 86,673 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Bristow Group by 9.0% in the 2nd quarter. Geode Capital Management LLC now owns 624,318 shares of the company’s stock valued at $20,588,000 after acquiring an additional 51,594 shares during the period. 93.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Bristow Group

In related news, Director Lorin L. Brass sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $38.00, for a total value of $95,000.00. Following the completion of the transaction, the director directly owned 21,705 shares of the company’s stock, valued at approximately $824,790. This represents a 10.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.40% of the stock is currently owned by insiders.

Bristow Group Stock Performance

Shares of VTOL stock opened at $46.14 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.91. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $46.33. The company’s 50 day moving average price is $40.63 and its two-hundred day moving average price is $38.77. The company has a market capitalization of $1.33 billion, a P/E ratio of 9.65 and a beta of 1.38.

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.