Clayton Partners LLC Has $12.14 Million Stock Holdings in Bristow Group Inc. $VTOL

Clayton Partners LLC decreased its position in shares of Bristow Group Inc. (NYSE:VTOL) by 9.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 336,450 shares of the company’s stock after selling 33,176 shares during the period. Bristow Group accounts for about 9.2% of Clayton Partners LLC’s investment portfolio, making the stock its largest position. Clayton Partners LLC’s holdings in Bristow Group were worth $12,139,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Bristow Group in the second quarter worth $25,000. CWM LLC boosted its holdings in Bristow Group by 208.4% in the 2nd quarter. CWM LLC now owns 1,351 shares of the company’s stock worth $45,000 after buying an additional 913 shares during the period. Strs Ohio purchased a new stake in Bristow Group in the 1st quarter worth $44,000. Tower Research Capital LLC TRC raised its holdings in Bristow Group by 296.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,508 shares of the company’s stock valued at $83,000 after acquiring an additional 1,876 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Bristow Group during the second quarter valued at about $90,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Insider Activity at Bristow Group

In related news, Director Lorin L. Brass sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $38.00, for a total value of $95,000.00. Following the completion of the transaction, the director directly owned 21,705 shares of the company’s stock, valued at approximately $824,790. This trade represents a 10.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.40% of the company’s stock.

Bristow Group Price Performance

Shares of Bristow Group stock opened at $46.58 on Friday. The firm has a market cap of $1.35 billion, a PE ratio of 9.74 and a beta of 1.38. The stock has a 50 day moving average of $41.02 and a 200 day moving average of $38.94. The company has a current ratio of 1.91, a quick ratio of 1.53 and a debt-to-equity ratio of 0.63. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $47.00.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Zacks Research raised Bristow Group to a “hold” rating in a research note on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, January 21st. JonesTrading started coverage on shares of Bristow Group in a research report on Friday, January 23rd. They set a “buy” rating on the stock. Finally, Raymond James Financial started coverage on shares of Bristow Group in a report on Tuesday. They issued an “outperform” rating and a $60.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

About Bristow Group

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.