Bristow Group Inc. $VTOL Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL cut its position in Bristow Group Inc. (NYSE:VTOL) by 81.2% during the third quarter, HoldingsChannel reports. The firm owned 21,856 shares of the company’s stock after selling 94,471 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Bristow Group were worth $789,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VTOL. Vanguard Group Inc. lifted its position in shares of Bristow Group by 4.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,984,961 shares of the company’s stock worth $71,617,000 after purchasing an additional 91,116 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Bristow Group by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,678,326 shares of the company’s stock valued at $60,555,000 after buying an additional 18,978 shares during the last quarter. Taconic Capital Advisors LP raised its stake in Bristow Group by 6.4% in the second quarter. Taconic Capital Advisors LP now owns 1,331,073 shares of the company’s stock valued at $43,885,000 after buying an additional 80,000 shares in the last quarter. Brown Advisory Inc. raised its stake in Bristow Group by 21.3% in the second quarter. Brown Advisory Inc. now owns 1,224,954 shares of the company’s stock valued at $40,387,000 after buying an additional 215,214 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Bristow Group by 11.2% during the 3rd quarter. American Century Companies Inc. now owns 833,992 shares of the company’s stock worth $30,090,000 after buying an additional 84,318 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JonesTrading assumed coverage on Bristow Group in a research report on Friday, January 23rd. They set a “buy” rating for the company. Wall Street Zen raised Bristow Group from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. Zacks Research upgraded shares of Bristow Group to a “hold” rating in a research note on Thursday, February 19th. Finally, Raymond James Financial started coverage on shares of Bristow Group in a report on Tuesday, February 17th. They set an “outperform” rating and a $60.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Insider Activity at Bristow Group

In other news, CFO Jennifer Dawn Whalen sold 26,667 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $46.90, for a total transaction of $1,250,682.30. Following the transaction, the chief financial officer directly owned 108,241 shares in the company, valued at $5,076,502.90. The trade was a 19.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Stuart Stavley sold 24,908 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $47.02, for a total transaction of $1,171,174.16. Following the transaction, the chief operating officer directly owned 85,790 shares of the company’s stock, valued at $4,033,845.80. This represents a 22.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 61,104 shares of company stock worth $2,869,206 in the last 90 days. Corporate insiders own 13.40% of the company’s stock.

Bristow Group Trading Down 2.1%

Shares of VTOL stock opened at $45.05 on Tuesday. The company has a market capitalization of $1.31 billion, a P/E ratio of 10.43 and a beta of 1.35. The company has a current ratio of 1.90, a quick ratio of 1.54 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $44.85 and its two-hundred day moving average is $40.30. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $49.55.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.46 by $0.15. Bristow Group had a return on equity of 12.87% and a net margin of 8.66%.The business had revenue of $377.26 million during the quarter, compared to analysts’ expectations of $380.33 million.

Bristow Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 13th were given a dividend of $0.125 per share. The ex-dividend date was Friday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. Bristow Group’s dividend payout ratio is presently 11.57%.

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.