Bristow Group Inc. $VTOL Position Lowered by South Dakota Investment Council

South Dakota Investment Council trimmed its holdings in Bristow Group Inc. (NYSE:VTOL) by 29.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,965,845 shares of the company’s stock after selling 801,900 shares during the period. Bristow Group comprises about 1.8% of South Dakota Investment Council’s portfolio, making the stock its 9th largest holding. South Dakota Investment Council owned 0.07% of Bristow Group worth $92,178,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of VTOL. Raymond James Financial Inc. bought a new position in Bristow Group during the 2nd quarter valued at about $25,000. Clearstead Advisors LLC grew its stake in shares of Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after acquiring an additional 1,001 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Bristow Group by 1,645.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock worth $41,000 after acquiring an additional 1,053 shares during the period. Strs Ohio purchased a new position in shares of Bristow Group during the first quarter valued at approximately $44,000. Finally, Wolverine Asset Management LLC raised its holdings in shares of Bristow Group by 121.4% during the fourth quarter. Wolverine Asset Management LLC now owns 1,824 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Analyst Upgrades and Downgrades

VTOL has been the topic of several research reports. Wall Street Zen cut shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research upgraded shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings reiterated 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 assigned a Hold rating to the company. According to data from MarketBeat, Bristow Group has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Bristow Group Stock Down 1.1%

NYSE VTOL opened at $44.86 on Thursday. Bristow Group Inc. has a 52 week low of $32.76 and a 52 week high of $50.38. The company has a quick ratio of 1.79, a current ratio of 2.15 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $1.33 billion, a P/E ratio of 11.68 and a beta of 1.23. The stock’s 50-day moving average price is $42.96 and its 200-day moving average price is $44.37.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.57). The company had revenue of $388.71 million for the quarter, compared to the consensus estimate of $383.68 million. Bristow Group had a net margin of 7.51% and a return on equity of 11.10%. On average, equities research analysts predict that Bristow Group Inc. will post 3.87 earnings per share for the current year.

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.