Bristow Group Inc. (NYSE:VTOL) Short Interest Down 25.4% in February

Bristow Group Inc. (NYSE:VTOL) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 365,500 shares, a drop of 25.4% from the February 13th total of 490,200 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average trading volume of 126,900 shares, the short-interest ratio is currently 2.9 days.

Insider Transactions at Bristow Group

In other news, major shareholder Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.71, for a total value of $272,245.33. Following the completion of the transaction, the insider now directly owns 3,188,625 shares of the company’s stock, valued at approximately $104,299,923.75. This trade represents a 0.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lorin L. Brass sold 2,700 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the sale, the director now directly owns 28,104 shares of the company’s stock, valued at $1,039,848. The trade was a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,952 shares of company stock valued at $762,272. Corporate insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Bristow Group

Hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its stake in Bristow Group by 795.5% during the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company’s stock valued at $27,000 after purchasing an additional 700 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Bristow Group during the 4th quarter valued at about $34,000. Wolverine Asset Management LLC boosted its stake in Bristow Group by 105.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock valued at $59,000 after purchasing an additional 34,400 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Bristow Group during the 4th quarter valued at about $118,000. Finally, Aquatic Capital Management LLC acquired a new position in Bristow Group during the 4th quarter valued at about $142,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Stock Performance

Shares of Bristow Group stock opened at $31.62 on Tuesday. Bristow Group has a one year low of $24.33 and a one year high of $41.50. The firm has a market capitalization of $905.29 million, a price-to-earnings ratio of 17.00 and a beta of 1.39. The business has a 50-day simple moving average of $34.82 and a 200 day simple moving average of $35.24. 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 (NYSE:VTOL) last issued its earnings results on Wednesday, February 26th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.46. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The business had revenue of $353.53 million during the quarter, compared to analyst estimates of $367.00 million.

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.