Quest Partners LLC Raises Holdings in Bristow Group Inc. (NYSE:VTOL)

Quest Partners LLC increased its position in Bristow Group Inc. (NYSE:VTOL) by 32.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,138 shares of the company’s stock after buying an additional 1,511 shares during the quarter. Quest Partners LLC’s holdings in Bristow Group were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. nVerses Capital LLC acquired a new stake in shares of Bristow Group during the second quarter valued at about $64,000. Innealta Capital LLC acquired a new stake in shares of Bristow Group during the second quarter valued at about $74,000. Abner Herrman & Brock LLC acquired a new stake in shares of Bristow Group during the third quarter valued at about $201,000. Perennial Advisors LLC acquired a new stake in shares of Bristow Group during the second quarter valued at about $235,000. Finally, Bailard Inc. acquired a new stake in shares of Bristow Group during the second quarter valued at about $241,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Benchmark lifted their price target on 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 Stock Performance

VTOL opened at $37.94 on Thursday. The business’s 50 day moving average is $35.58 and its 200-day moving average is $35.55. The stock has a market cap of $1.09 billion, a PE ratio of 20.40 and a beta of 1.31. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50.

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. The firm had revenue of $365.12 million for the quarter. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. During the same quarter last year, the firm posted $0.41 EPS.

Insider Activity

In related news, major shareholder Alternative Asset Manage Solus sold 4,255 shares of Bristow Group stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $38.02, for a total value of $161,775.10. Following the completion of the sale, the insider now owns 3,226,948 shares of the company’s stock, valued at approximately $122,688,562.96. The trade was a 0.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 169,858 shares of company stock worth $6,490,446 in the last ninety days. Corporate insiders own 14.90% of the company’s stock.

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.