Kestrel Investment Management Corp Buys New Stake in Bristow Group Inc. $VTOL

Kestrel Investment Management Corp bought a new stake in Bristow Group Inc. (NYSE:VTOL) during the third quarter, HoldingsChannel reports. The institutional investor bought 135,100 shares of the company’s stock, valued at approximately $4,876,000. Bristow Group accounts for 2.7% of Kestrel Investment Management Corp’s holdings, making the stock its 15th biggest holding.

A number of other large investors also recently added to or reduced their stakes in VTOL. AQR Capital Management LLC acquired a new stake in shares of Bristow Group in the first quarter valued at $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Bristow Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock worth $461,000 after acquiring an additional 609 shares in the last quarter. Jane Street Group LLC boosted its holdings in Bristow Group by 178.7% during the 1st quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock valued at $1,690,000 after acquiring an additional 34,317 shares during the period. Strs Ohio acquired a new position in Bristow Group in the 1st quarter valued at about $44,000. Finally, CWM LLC grew its position in Bristow Group by 208.4% in the 2nd quarter. CWM LLC now owns 1,351 shares of the company’s stock valued at $45,000 after acquiring an additional 913 shares in the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VTOL has been the topic of several research reports. Zacks Research raised shares of Bristow Group to a “hold” rating in a research report on Thursday, February 19th. JonesTrading started coverage on shares of Bristow Group in a research note on Friday, January 23rd. They set a “buy” rating on the stock. Wall Street Zen cut shares of Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, January 21st. Finally, Raymond James Financial started coverage on Bristow Group in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Bristow Group presently has an average rating of “Moderate Buy” and an average price target of $60.00.

Insider Transactions at Bristow Group

In other Bristow Group news, COO Stuart Stavley sold 24,908 shares of Bristow Group 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 completion of the sale, the chief operating officer directly owned 85,790 shares of the company’s stock, valued at $4,033,845.80. The trade was a 22.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 13.40% of the stock is owned by company insiders.

Bristow Group Stock Down 0.7%

Shares of Bristow Group stock opened at $47.64 on Monday. The company has a quick ratio of 1.54, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. Bristow Group Inc. has a 52-week low of $25.11 and a 52-week high of $49.55. The company has a market capitalization of $1.39 billion, a P/E ratio of 11.03 and a beta of 1.35. The company has a 50 day moving average of $42.08 and a 200 day moving average of $39.26.

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

Bristow Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 13th will be paid a $0.125 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.0%.

Bristow Group 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.