Donald Smith & CO. Inc. Sells 37,405 Shares of Bristow Group Inc. (NYSE:VTOL)

Donald Smith & CO. Inc. trimmed its holdings in Bristow Group Inc. (NYSE:VTOL) by 32.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,873 shares of the company’s stock after selling 37,405 shares during the quarter. Donald Smith & CO. Inc. owned about 0.28% of Bristow Group worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Bristow Group by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,492,128 shares of the company’s stock worth $50,031,000 after purchasing an additional 87,969 shares during the period. WINTON GROUP Ltd grew its stake in shares of Bristow Group by 20.8% in the 2nd quarter. WINTON GROUP Ltd now owns 32,634 shares of the company’s stock valued at $1,094,000 after buying an additional 5,615 shares during the period. American Century Companies Inc. increased its stake in Bristow Group by 16.6% during the 2nd quarter. American Century Companies Inc. now owns 321,157 shares of the company’s stock valued at $10,768,000 after purchasing an additional 45,738 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in Bristow Group by 25.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 26,123 shares of the company’s stock valued at $876,000 after acquiring an additional 5,268 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Bristow Group by 1.0% in the second quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock valued at $2,611,000 after purchasing an additional 795 shares in the last quarter. Institutional investors own 93.29% of the company’s stock.

Insider Buying and Selling

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 3,349,005 shares of the company’s stock, valued at approximately $132,285,697.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Bristow Group news, Director Brian D. Truelove sold 3,000 shares of Bristow Group stock in a transaction that occurred 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 sale, the director now directly owns 33,504 shares in the company, valued at $1,242,663.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the stock in a transaction 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 disclosure for this sale can be found here. 14.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Bristow Group Stock Performance

Shares of VTOL opened at $33.99 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.86 and a quick ratio of 1.53. The firm has a market cap of $965.08 million, a PE ratio of 849.75 and a beta of 1.31. Bristow Group Inc. has a 1 year low of $24.33 and a 1 year high of $41.50. The stock’s fifty day moving average price is $36.52 and its two-hundred day moving average price is $32.34.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.96 EPS for the quarter. Bristow Group had a net margin of 2.27% and a return on equity of 3.79%. The business had revenue of $359.75 million for the quarter.

About Bristow Group

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.