Empowered Funds LLC Purchases 1,876 Shares of Bristow Group Inc. (NYSE:VTOL)

Empowered Funds LLC lifted its position in shares of Bristow Group Inc. (NYSE:VTOL) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,362 shares of the company’s stock after purchasing an additional 1,876 shares during the quarter. Empowered Funds LLC’s holdings in Bristow Group were worth $1,296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VTOL. Vanguard Group Inc. increased its stake in shares of Bristow Group by 0.4% during the first quarter. Vanguard Group Inc. now owns 1,698,384 shares of the company’s stock valued at $46,196,000 after purchasing an additional 6,152 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Bristow Group by 66.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 30,299 shares of the company’s stock valued at $824,000 after buying an additional 12,063 shares during the last quarter. Comerica Bank boosted its holdings in Bristow Group by 103.1% in the first quarter. Comerica Bank now owns 22,504 shares of the company’s stock worth $612,000 after acquiring an additional 11,425 shares in the last quarter. Perennial Advisors LLC purchased a new stake in shares of Bristow Group in the second quarter worth $235,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Bristow Group by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 185,104 shares of the company’s stock valued at $6,207,000 after acquiring an additional 5,402 shares in the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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.

Insider Buying and Selling

In related news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the firm’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 sale, the insider now owns 3,349,005 shares in the company, valued at approximately $132,285,697.50. This trade represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 165,603 shares of company stock worth $6,328,671. 14.90% of the stock is owned by corporate insiders.

Bristow Group Trading Up 1.3 %

NYSE:VTOL opened at $37.99 on Friday. Bristow Group Inc. has a 52 week low of $24.33 and a 52 week high of $41.50. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 20.42 and a beta of 1.31. The company’s 50 day moving average price is $35.34 and its 200-day moving average price is $35.34. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68.

Bristow Group (NYSE:VTOL) last posted its earnings results on Tuesday, November 5th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.34. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The business had revenue of $365.12 million during the quarter. During the same period in the previous year, the business posted $0.41 EPS.

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.