Brandywine Global Investment Management LLC Purchases 6,653 Shares of Bristow Group Inc. (NYSE:VTOL)

Brandywine Global Investment Management LLC grew its position in shares of Bristow Group Inc. (NYSE:VTOL) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,074 shares of the company’s stock after acquiring an additional 6,653 shares during the period. Brandywine Global Investment Management LLC owned about 0.34% of Bristow Group worth $3,330,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VTOL. KLP Kapitalforvaltning AS purchased a new position in Bristow Group during the 4th quarter valued at about $34,000. Wolverine Asset Management LLC increased its stake in shares of Bristow Group by 105.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock valued at $59,000 after buying an additional 34,400 shares during the period. Intech Investment Management LLC purchased a new position in shares of Bristow Group during the third quarter valued at approximately $212,000. Counterpoint Mutual Funds LLC raised its holdings in shares of Bristow Group by 82.8% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 11,637 shares of the company’s stock valued at $399,000 after acquiring an additional 5,270 shares in the last quarter. Finally, Birnam Oak Advisors LP purchased a new stake in Bristow Group in the fourth quarter worth $468,000. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Bristow Group Stock Up 1.7 %

Shares of Bristow Group stock opened at $33.01 on Thursday. The company’s fifty day simple moving average is $33.93 and its two-hundred day simple moving average is $34.89. Bristow Group Inc. has a 12-month low of $24.33 and a 12-month high of $41.50. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The company has a market cap of $945.14 million, a P/E ratio of 17.75 and a beta of 1.39.

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

Insider Activity at Bristow Group

In other news, Director Maryanne Miller sold 2,200 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total transaction of $70,730.00. Following the sale, the director now owns 19,173 shares in the company, valued at approximately $616,411.95. The trade was a 10.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lorin L. Brass sold 2,700 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the transaction, the director now owns 28,104 shares of the company’s stock, valued at approximately $1,039,848. The trade was a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,027 shares of company stock worth $1,149,792 over the last ninety days. 14.90% of the stock is owned by corporate insiders.

Bristow Group Company 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.