OP Asset Management Ltd Makes New $1.77 Million Investment in Bristow Group Inc. $VTOL

OP Asset Management Ltd bought a new stake in shares of Bristow Group Inc. (NYSE:VTOL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 37,666 shares of the company’s stock, valued at approximately $1,766,000. OP Asset Management Ltd owned approximately 0.13% of Bristow Group as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in VTOL. AQR Capital Management LLC purchased a new position in shares of Bristow Group during the first quarter valued at $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 worth $461,000 after acquiring an additional 609 shares during the period. Jane Street Group LLC grew its holdings in Bristow Group by 178.7% during the 1st quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock worth $1,690,000 after acquiring an additional 34,317 shares in the last quarter. Strs Ohio purchased a new position in Bristow Group during the 1st quarter valued at about $44,000. Finally, Creative Planning purchased a new position in Bristow Group during the 2nd quarter valued at about $236,000. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VTOL has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Zacks Research lowered shares of Bristow Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bristow Group presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Bristow Group Price Performance

Shares of VTOL stock opened at $41.74 on Monday. Bristow Group Inc. has a 1-year low of $32.43 and a 1-year high of $50.38. The stock’s 50-day moving average is $43.86 and its 200 day moving average is $43.31. The company has a market cap of $1.24 billion, a P/E ratio of 10.87 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.15 and a quick ratio of 1.79.

Bristow Group (NYSE:VTOL) last announced its earnings results on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.57). The firm had revenue of $388.71 million during the quarter, compared to the consensus estimate of $383.68 million. Bristow Group had a return on equity of 11.10% and a net margin of 7.51%. Research analysts predict that Bristow Group Inc. will post 3.87 earnings per share for the current fiscal year.

Bristow Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, May 15th. Bristow Group’s payout ratio is 13.02%.

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.