Bristow Group (NYSE:VTOL) Trading Up 5.9% Following Strong Earnings

Bristow Group Inc. (NYSE:VTOL)’s share price was up 5.9% during trading on Thursday following a better than expected earnings announcement. The company traded as high as $37.06 and last traded at $36.87. Approximately 43,439 shares traded hands during trading, a decline of 55% from the average daily volume of 96,847 shares. The stock had previously closed at $34.81.

The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.46. The business had revenue of $353.53 million for the quarter, compared to analyst estimates of $367.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

Hedge Funds Weigh In On Bristow Group

Institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC increased its holdings in Bristow Group by 795.5% during the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company’s stock valued at $27,000 after buying an additional 700 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Bristow Group during the fourth quarter valued at approximately $34,000. Wolverine Asset Management LLC increased its holdings in Bristow Group by 105.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock valued at $59,000 after buying an additional 34,400 shares during the period. BNP Paribas Financial Markets purchased a new position in Bristow Group during the fourth quarter valued at approximately $118,000. Finally, Aquatic Capital Management LLC purchased a new position in Bristow Group during the fourth quarter valued at approximately $142,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

Bristow Group Trading Down 2.5 %

The company has a market capitalization of $1.06 billion, a PE ratio of 19.92 and a beta of 1.35. The company’s fifty day moving average is $35.25 and its 200-day moving average is $35.70. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49.

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.