Oppenheimer & Co. Inc. Takes Position in Bristow Group Inc. (NYSE:VTOL)

Oppenheimer & Co. Inc. bought a new stake in shares of Bristow Group Inc. (NYSE:VTOL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 45,350 shares of the company’s stock, valued at approximately $1,556,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wolverine Asset Management LLC raised its stake in Bristow Group by 105.3% in the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock valued at $59,000 after purchasing an additional 34,400 shares during the last quarter. Intech Investment Management LLC acquired a new position in Bristow Group in the 3rd quarter valued at $212,000. Quest Partners LLC raised its stake in Bristow Group by 32.7% in the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock valued at $213,000 after purchasing an additional 1,511 shares during the last quarter. ClearAlpha Technologies LP acquired a new position in Bristow Group in the 3rd quarter valued at $250,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Bristow Group in the 3rd quarter valued at $298,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Insiders Place Their Bets

In other Bristow Group news, Director Lorin L. Brass sold 2,700 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the sale, the director now directly owns 28,104 shares of the company’s stock, valued at $1,039,848. This trade represents a 8.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 14.90% of the company’s stock.

Bristow Group Stock Down 7.7 %

NYSE VTOL opened at $34.17 on Tuesday. The business has a fifty day moving average price of $35.28 and a 200 day moving average price of $35.66. Bristow Group Inc. has a one year low of $24.33 and a one year high of $41.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. The company has a market cap of $978.22 million, a P/E ratio of 18.37 and a beta of 1.35.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.61 by $0.46. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The firm had revenue of $353.53 million during the quarter, compared to the consensus estimate of $367.00 million.

Bristow Group Profile

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.