Royce & Associates LP Has $12.53 Million Stock Position in Bristow Group Inc. (NYSE:VTOL)

Royce & Associates LP lowered its position in shares of Bristow Group Inc. (NYSE:VTOL) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,365 shares of the company’s stock after selling 31,999 shares during the quarter. Royce & Associates LP owned approximately 1.28% of Bristow Group worth $12,532,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in VTOL. Wolverine Asset Management LLC increased its position in shares of Bristow Group by 105.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock worth $59,000 after purchasing an additional 34,400 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Bristow Group during the 3rd quarter worth about $212,000. Quest Partners LLC grew its holdings 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 acquiring an additional 1,511 shares during the last quarter. ClearAlpha Technologies LP bought a new stake in Bristow Group during the 3rd quarter worth about $250,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Bristow Group during the 3rd quarter worth about $298,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Stock Up 0.7 %

Shares of NYSE:VTOL opened at $31.62 on Tuesday. Bristow Group Inc. has a 12 month low of $24.33 and a 12 month high of $41.50. The company’s 50-day moving average price is $34.82 and its two-hundred day moving average price is $35.24. 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 firm has a market cap of $905.29 million, a P/E ratio of 17.00 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 analysts’ consensus estimates of $0.61 by $0.46. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The firm had revenue of $353.53 million for the quarter, compared to analyst estimates of $367.00 million.

Insider Activity

In other news, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.71, for a total value of $272,245.33. Following the transaction, the insider now owns 3,188,625 shares of the company’s stock, valued at approximately $104,299,923.75. This trade represents a 0.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lorin L. Brass sold 2,700 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were 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 directly owns 28,104 shares in the company, valued at $1,039,848. This trade represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,952 shares of company stock valued at $762,272. 14.90% of the stock is currently owned by insiders.

About Bristow Group

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.