SG Americas Securities LLC Makes New Investment in Bristow Group Inc. $VTOL

SG Americas Securities LLC acquired a new stake in Bristow Group Inc. (NYSE:VTOL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,877 shares of the company’s stock, valued at approximately $501,000.

A number of other hedge funds have also modified their holdings of VTOL. AQR Capital Management LLC purchased a new stake in Bristow Group in the 1st quarter valued at $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Bristow Group by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock valued at $461,000 after buying an additional 609 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Bristow Group by 178.7% during the first quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock worth $1,690,000 after buying an additional 34,317 shares during the period. Strs Ohio purchased a new position in shares of Bristow Group during the first quarter worth about $44,000. Finally, State of Alaska Department of Revenue increased its position in Bristow Group by 8.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 14,754 shares of the company’s stock valued at $485,000 after acquiring an additional 1,112 shares during the period. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Bristow Group Stock Up 4.5%

Bristow Group stock opened at $43.74 on Friday. The stock’s 50 day moving average price is $37.86 and its 200 day moving average price is $37.59. Bristow Group Inc. has a 1-year low of $25.11 and a 1-year high of $44.55. The company has a market cap of $1.26 billion, a PE ratio of 9.15 and a beta of 1.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.91 and a quick ratio of 1.53.

Bristow Group (NYSE:VTOL) last released its earnings results on Wednesday, November 5th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.78. The company had revenue of $386.29 million during the quarter, compared to the consensus estimate of $400.00 million. Bristow Group had a return on equity of 14.83% and a net margin of 9.71%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Jones Trading initiated coverage on Bristow Group in a research report on Friday. They set a “buy” rating for the company. Wall Street Zen upgraded shares of Bristow Group from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Insider Activity at Bristow Group

In other news, major shareholder Alternative Asset Manage Solus sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $38.05, for a total transaction of $7,610,000.00. Following the sale, the insider owned 2,876,796 shares of the company’s stock, valued at $109,462,087.80. The trade was a 6.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lorin L. Brass sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $38.00, for a total value of $95,000.00. Following the completion of the sale, the director owned 21,705 shares in the company, valued at approximately $824,790. This represents a 10.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 221,000 shares of company stock worth $8,417,775 in the last ninety days. Corporate insiders own 13.40% of the company’s stock.

Bristow Group Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.