Bristow Group (NYSE:VTOL) Hits New 52-Week High at $38.13

Bristow Group Inc. (NYSE:VTOL)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $38.13 and last traded at $37.88, with a volume of 7033 shares changing hands. The stock had previously closed at $37.91.

Bristow Group Stock Down 2.8 %

The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 919.50 and a beta of 1.35. The company has a current ratio of 1.73, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $28.45 and a 200-day moving average of $27.38.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter. Bristow Group had a return on equity of 0.17% and a net margin of 0.10%. The business had revenue of $337.09 million during the quarter.

Insiders Place Their Bets

In other Bristow Group news, EVP David F. Stepanek sold 9,033 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $26.13, for a total transaction of $236,032.29. Following the completion of 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 available at this hyperlink. 14.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its stake in shares of Bristow Group by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 78,805 shares of the company’s stock worth $2,220,000 after buying an additional 624 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Bristow Group by 6.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,899 shares of the company’s stock worth $308,000 after buying an additional 634 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of Bristow Group by 10.9% in the 4th quarter. Quadrature Capital Ltd now owns 15,117 shares of the company’s stock worth $427,000 after buying an additional 1,491 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Bristow Group by 12.9% in the 3rd quarter. Deutsche Bank AG now owns 15,849 shares of the company’s stock worth $446,000 after buying an additional 1,805 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Bristow Group by 8.0% during the first quarter. Empowered Funds LLC now owns 32,966 shares of the company’s stock worth $897,000 after purchasing an additional 2,450 shares during the period. Institutional investors and hedge funds own 93.29% of the company’s stock.

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.