30,692 Shares in Bristow Group Inc. $VTOL Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in Bristow Group Inc. (NYSE:VTOL) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 30,692 shares of the company’s stock, valued at approximately $1,439,000. Assenagon Asset Management S.A. owned 0.11% of Bristow Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in shares of Bristow Group during the 1st quarter worth approximately $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 period. Jane Street Group LLC lifted its position in shares of Bristow Group by 178.7% during the 1st quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock valued at $1,690,000 after buying an additional 34,317 shares during the last quarter. Strs Ohio purchased a new position in shares of Bristow Group during the 1st quarter valued at $44,000. Finally, Creative Planning bought a new position in shares of Bristow Group during the 2nd quarter worth $236,000. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Bristow Group Stock Performance

NYSE VTOL opened at $40.59 on Thursday. The company’s 50 day simple moving average is $43.43 and its two-hundred day simple moving average is $43.40. 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 Inc. has a 1 year low of $32.76 and a 1 year high of $50.38. The stock has a market capitalization of $1.20 billion, a PE ratio of 10.57 and a beta of 1.23.

Bristow Group (NYSE:VTOL) last released its quarterly 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). Bristow Group had a net margin of 7.51% and a return on equity of 11.10%. The firm had revenue of $388.71 million for the quarter, compared to analysts’ expectations of $383.68 million. Analysts predict that Bristow Group Inc. will post 3.87 earnings per share for the current fiscal year.

Bristow Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, May 15th. Bristow Group’s dividend payout ratio (DPR) is 13.02%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VTOL. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Zacks Research downgraded 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 research report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.