Bristow Group (NYSE:VTOL) Trading Up 4% – Still a Buy?

Bristow Group Inc. (NYSE:VTOL) rose 4% on Tuesday . The stock traded as high as $36.02 and last traded at $36.02. Approximately 18,383 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 122,345 shares. The stock had previously closed at $34.62.

Bristow Group Stock Up 4.7 %

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. The firm’s 50 day moving average is $35.74 and its two-hundred day moving average is $35.55. The firm has a market capitalization of $1.04 billion, a P/E ratio of 18.61 and a beta of 1.34.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.34. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The company had revenue of $365.12 million for the quarter. During the same quarter in the prior year, the firm earned $0.41 earnings per share.

Insider Activity at Bristow Group

In other news, major shareholder Alternative Asset Manage Solus sold 2,739 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $38.01, for a total transaction of $104,109.39. Following the completion of the sale, the insider now owns 3,303,356 shares in the company, valued at $125,560,561.56. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 94,858 shares of company stock worth $3,527,946. Company insiders own 14.90% of the company’s stock.

Institutional Trading of Bristow Group

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in 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 during the period. Empyrean Capital Partners LP grew its position in Bristow Group by 9.0% during the second quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company’s stock worth $37,554,000 after buying an additional 92,086 shares in the last quarter. State Street Corp grew its position in Bristow Group by 2.1% during the third quarter. State Street Corp now owns 937,527 shares of the company’s stock worth $32,523,000 after buying an additional 19,317 shares in the last quarter. Geode Capital Management LLC increased its stake in Bristow Group by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 563,014 shares of the company’s stock worth $19,535,000 after acquiring an additional 13,320 shares during the period. Finally, Clayton Partners LLC raised its holdings in Bristow Group by 25.6% in the 2nd quarter. Clayton Partners LLC now owns 434,923 shares of the company’s stock valued at $14,583,000 after acquiring an additional 88,742 shares in the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

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.