Amalgamated Bank Cuts Stake in Bristow Group Inc. (NYSE:VTOL)

Amalgamated Bank lowered its position in shares of Bristow Group Inc. (NYSE:VTOL) by 5.2% in the second quarter, Holdings Channel reports. The institutional investor owned 7,341 shares of the company’s stock after selling 404 shares during the period. Amalgamated Bank’s holdings in Bristow Group were worth $246,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Rhumbline Advisers raised its position in Bristow Group by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock worth $2,611,000 after buying an additional 795 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 worth $427,000 after purchasing an additional 1,491 shares during the period. nVerses Capital LLC acquired a new position in shares of Bristow Group during the 2nd quarter worth $64,000. Innealta Capital LLC acquired a new position in shares of Bristow Group during the 2nd quarter worth $74,000. Finally, Empowered Funds LLC grew its stake 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 worth $897,000 after purchasing an additional 2,450 shares during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Insider Activity at Bristow Group

In related news, Director Brian D. Truelove sold 3,000 shares of the stock in a transaction dated 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 directly owns 33,504 shares of the company’s stock, valued at approximately $1,242,663.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $39.50, for a total transaction 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian D. Truelove sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $37.09, for a total transaction of $111,270.00. Following the sale, the director now directly owns 33,504 shares in the company, valued at $1,242,663.36. The disclosure for this sale can be found here. 14.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Benchmark upped their price target 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 Stock Performance

NYSE:VTOL opened at $34.63 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a fifty-two week low of $24.33 and a fifty-two week high of $41.50. The stock has a market cap of $983.25 million, a PE ratio of 865.75 and a beta of 1.31. The firm’s fifty day simple moving average is $36.60 and its 200-day simple moving average is $33.06.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.96 EPS for the quarter. The firm 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%.

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.