Texas Permanent School Fund Corp Buys 5,268 Shares of Bristow Group Inc. (NYSE:VTOL)

Texas Permanent School Fund Corp boosted its stake in shares of Bristow Group Inc. (NYSE:VTOL) by 25.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,123 shares of the company’s stock after purchasing an additional 5,268 shares during the period. Texas Permanent School Fund Corp’s holdings in Bristow Group were worth $876,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bristow Group by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,189 shares of the company’s stock valued at $5,659,000 after buying an additional 8,548 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Bristow Group by 12.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,264,574 shares of the company’s stock valued at $35,750,000 after acquiring an additional 142,065 shares during the period. Clayton Partners LLC boosted its position in Bristow Group by 4.7% in the fourth quarter. Clayton Partners LLC now owns 294,691 shares of the company’s stock worth $8,331,000 after purchasing an additional 13,145 shares during the last quarter. Quadrature Capital Ltd grew its stake in shares of Bristow Group by 10.9% during the 4th quarter. Quadrature Capital Ltd now owns 15,117 shares of the company’s stock valued at $427,000 after purchasing an additional 1,491 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Bristow Group by 8.0% during the 1st quarter. Empowered Funds LLC now owns 32,966 shares of the company’s stock valued at $897,000 after purchasing an additional 2,450 shares during the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Bristow Group Trading Down 1.2 %

Shares of VTOL stock opened at $36.00 on Friday. Bristow Group Inc. has a 1 year low of $24.33 and a 1 year high of $41.50. The firm has a fifty day moving average price of $36.70 and a 200-day moving average price of $32.56. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 900.00 and a beta of 1.31. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.86 and a quick ratio of 1.53.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.96 EPS for the quarter. Bristow Group had a return on equity of 3.79% and a net margin of 2.27%. The business had revenue of $359.75 million during the quarter.

Wall Street Analyst Weigh In

Separately, Benchmark raised their price objective on shares of Bristow Group from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 8th.

Insiders Place Their Bets

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $39.50, for a total value of $2,962,500.00. Following the completion of the transaction, the insider now directly owns 3,349,005 shares in the company, valued at $132,285,697.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $39.50, for a total value of $2,962,500.00. Following the transaction, the insider now directly owns 3,349,005 shares in the company, valued at $132,285,697.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian D. Truelove sold 3,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $37.09, for a total value of $111,270.00. Following the sale, the director now owns 33,504 shares of the company’s stock, valued at approximately $1,242,663.36. The disclosure for this sale can be found here. 14.90% of the stock is owned by company 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.