Bristow Group (NYSE:VTOL) Shares Up 4% – Time to Buy?

Bristow Group Inc. (NYSE:VTOL) shares rose 4% on Tuesday . The stock traded as high as $36.02 and last traded at $36.02. Approximately 18,383 shares traded hands during trading, a decline of 85% from the average daily volume of 122,345 shares. The stock had previously closed at $34.62.

Bristow Group Price Performance

The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 18.61 and a beta of 1.34. The business’s 50 day simple moving average is $35.74 and its 200-day simple moving average is $35.55.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.34. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The business had revenue of $365.12 million for the quarter. During the same quarter in the prior year, the business posted $0.41 EPS.

Insider Activity

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 42,150 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $38.10, for a total value of $1,605,915.00. Following the sale, the insider now owns 3,306,855 shares in the company, valued at $125,991,175.50. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have sold 94,858 shares of company stock worth $3,527,946. Insiders own 14.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. nVerses Capital LLC acquired a new stake in Bristow Group during the 2nd quarter worth approximately $64,000. Innealta Capital LLC bought a new position in shares of Bristow Group during the second quarter valued at $74,000. Abner Herrman & Brock LLC acquired a new position in shares of Bristow Group during the third quarter worth $201,000. Intech Investment Management LLC bought a new stake in shares of Bristow Group in the third quarter worth $212,000. Finally, Quest Partners LLC raised its position in Bristow Group by 32.7% during the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock worth $213,000 after purchasing an additional 1,511 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

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.