Marshall Wace LLP Takes Position in Bristow Group Inc. (NYSE:VTOL)

Marshall Wace LLP acquired a new position in Bristow Group Inc. (NYSE:VTOL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,043 shares of the company’s stock, valued at approximately $907,000. Marshall Wace LLP owned approximately 0.10% of Bristow Group as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of VTOL. Public Sector Pension Investment Board grew its position in shares of Bristow Group by 6.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 53,130 shares of the company’s stock worth $1,781,000 after buying an additional 3,302 shares in the last quarter. Clayton Partners LLC increased its position in Bristow Group by 25.6% during the 2nd quarter. Clayton Partners LLC now owns 434,923 shares of the company’s stock valued at $14,583,000 after purchasing an additional 88,742 shares during the period. XTX Topco Ltd bought a new stake in shares of Bristow Group in the 2nd quarter valued at about $303,000. Dimensional Fund Advisors LP raised its holdings in shares of Bristow Group by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,492,128 shares of the company’s stock valued at $50,031,000 after purchasing an additional 87,969 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in shares of Bristow Group by 20.8% in the 2nd quarter. WINTON GROUP Ltd now owns 32,634 shares of the company’s stock worth $1,094,000 after purchasing an additional 5,615 shares during the period. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Bristow Group Trading Down 1.0 %

Shares of NYSE VTOL opened at $35.58 on Tuesday. Bristow Group Inc. has a 1-year low of $24.33 and a 1-year high of $41.50. The business has a fifty day moving average price of $36.49 and a 200 day moving average price of $33.33. The stock has a market capitalization of $1.01 billion, a P/E ratio of 889.50 and a beta of 1.30. 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 released its quarterly earnings results on Tuesday, August 6th. The company reported $0.96 earnings per share for the quarter. The business had revenue of $359.75 million for the quarter. Bristow Group had a net margin of 2.27% and a return on equity of 3.79%.

Insiders Place Their Bets

In other news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now owns 3,349,005 shares of the company’s stock, valued at $132,285,697.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Brian D. Truelove sold 3,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $37.09, for a total value of $111,270.00. Following the transaction, the director now directly owns 33,504 shares of the company’s stock, valued at $1,242,663.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alternative Asset Manage Solus sold 75,000 shares of Bristow Group 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 sale, the insider now directly owns 3,349,005 shares of the company’s stock, valued at approximately $132,285,697.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company’s stock.

Analyst Ratings Changes

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

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.