Bristow Group Inc. $VTOL Shares Acquired by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. lifted its holdings in shares of Bristow Group Inc. (NYSE:VTOL) by 112.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,953 shares of the company’s stock after buying an additional 132,926 shares during the quarter. Donald Smith & CO. Inc.’s holdings in Bristow Group were worth $8,274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VTOL. Federated Hermes Inc. increased its stake in shares of Bristow Group by 74.7% during the first quarter. Federated Hermes Inc. now owns 912 shares of the company’s stock worth $29,000 after purchasing an additional 390 shares in the last quarter. CWM LLC lifted its position in shares of Bristow Group by 208.4% in the second quarter. CWM LLC now owns 1,351 shares of the company’s stock valued at $45,000 after acquiring an additional 913 shares in the last quarter. Strs Ohio acquired a new stake in shares of Bristow Group in the first quarter worth approximately $44,000. Banque Transatlantique SA purchased a new stake in shares of Bristow Group during the first quarter worth approximately $73,000. Finally, Quantbot Technologies LP acquired a new position in Bristow Group in the 2nd quarter valued at $90,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Bristow Group Price Performance

Bristow Group stock opened at $36.64 on Friday. The company’s 50 day simple moving average is $37.97 and its 200-day simple moving average is $36.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.91. Bristow Group Inc. has a 1 year low of $25.11 and a 1 year high of $42.89. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 7.67 and a beta of 1.42.

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

Insider Transactions at Bristow Group

In other news, major shareholder Alternative Asset Manage Solus sold 200,000 shares of the stock in a transaction dated Friday, November 14th. The shares were 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 approximately $109,462,087.80. This represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Manzo sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $38.75, for a total transaction of $232,500.00. Following the completion of the transaction, the director directly owned 32,583 shares of the company’s stock, valued at approximately $1,262,591.25. The trade was a 15.55% 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 90 days. Insiders own 13.40% of the company’s stock.

Wall Street Analysts Forecast Growth

VTOL has been the topic of several recent research reports. Wall Street Zen raised shares of Bristow Group from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Bristow Group has a consensus rating of “Buy”.

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.