Driehaus Capital Management LLC Takes Position in Bristow Group Inc. (NYSE:VTOL)

Driehaus Capital Management LLC bought a new position in Bristow Group Inc. (NYSE:VTOL) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 137,649 shares of the company’s stock, valued at approximately $4,615,000. Driehaus Capital Management LLC owned 0.48% of Bristow Group as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of VTOL. The Manufacturers Life Insurance Company raised its stake in shares of Bristow Group by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock worth $315,000 after buying an additional 620 shares during the period. Rhumbline Advisers increased its holdings in Bristow Group by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock worth $2,611,000 after acquiring an additional 795 shares in the last quarter. Quadrature Capital Ltd raised its stake in Bristow Group by 10.9% during the 4th quarter. Quadrature Capital Ltd now owns 15,117 shares of the company’s stock worth $427,000 after acquiring an additional 1,491 shares during the period. nVerses Capital LLC purchased a new position in Bristow Group during the second quarter valued at approximately $64,000. Finally, Susquehanna Fundamental Investments LLC lifted its holdings in Bristow Group by 13.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 17,216 shares of the company’s stock valued at $577,000 after purchasing an additional 1,978 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Bristow Group news, Director Brian D. Truelove sold 3,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were 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 in the company, valued at approximately $1,242,663.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $39.50, for a total transaction 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 approximately $132,285,697.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian D. Truelove sold 3,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $37.09, for a total transaction of $111,270.00. Following the completion of the transaction, the director now directly owns 33,504 shares of the company’s stock, valued at $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 Price Performance

Shares of Bristow Group stock opened at $34.63 on Monday. The company has a market capitalization of $983.25 million, a price-to-earnings ratio of 865.75 and a beta of 1.31. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 0.68. The stock’s 50-day simple moving average is $36.64 and its 200-day simple moving average is $33.00. Bristow Group Inc. has a 52 week low of $24.33 and a 52 week high of $41.50.

Bristow Group (NYSE:VTOL) last posted 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 during the quarter. Bristow Group had a return on equity of 3.79% and a net margin of 2.27%.

Analysts Set New Price Targets

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

Bristow Group 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.