Allspring Global Investments Holdings LLC Decreases Holdings in Bristow Group Inc. (NYSE:VTOL)

Allspring Global Investments Holdings LLC lowered its holdings in Bristow Group Inc. (NYSE:VTOL) by 1.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 71,918 shares of the company’s stock after selling 932 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.25% of Bristow Group worth $2,033,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VTOL. Qube Research & Technologies Ltd purchased a new stake in shares of Bristow Group during the 3rd quarter worth approximately $29,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Bristow Group during the first quarter worth about $25,000. Captrust Financial Advisors lifted its holdings in shares of Bristow Group by 76.1% in the 1st quarter. Captrust Financial Advisors now owns 1,444 shares of the company’s stock valued at $54,000 after purchasing an additional 624 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Bristow Group by 94.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,508 shares of the company’s stock valued at $43,000 after purchasing an additional 734 shares during the period. Finally, Pathstone Family Office LLC purchased a new position in Bristow Group during the 4th quarter worth approximately $454,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Price Performance

Shares of NYSE VTOL opened at $25.30 on Monday. The stock has a market cap of $716.42 million, a P/E ratio of -105.42 and a beta of 1.33. Bristow Group Inc. has a twelve month low of $20.08 and a twelve month high of $31.89. The stock has a 50 day moving average of $26.52 and a two-hundred day moving average of $26.77. The company has a current ratio of 1.82, a quick ratio of 1.50 and a debt-to-equity ratio of 0.65.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.28) EPS for the quarter. The business had revenue of $337.93 million during the quarter. Bristow Group had a negative net margin of 0.52% and a negative return on equity of 0.84%.

Insider Activity

In related news, EVP David F. Stepanek sold 9,033 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $26.13, for a total value of $236,032.29. Following the transaction, the executive vice president now owns 46,878 shares in the company, valued at approximately $1,224,922.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.00% of the company’s stock.

Bristow Group 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.