Clayton Partners LLC Raises Position in Bristow Group Inc. (NYSE:VTOL)

Clayton Partners LLC raised its holdings in shares of Bristow Group Inc. (NYSE:VTOL) by 0.5% during the fourth quarter, HoldingsChannel reports. The fund owned 448,352 shares of the company’s stock after purchasing an additional 2,206 shares during the quarter. Bristow Group comprises about 10.6% of Clayton Partners LLC’s investment portfolio, making the stock its biggest holding. Clayton Partners LLC’s holdings in Bristow Group were worth $15,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in VTOL. Wolverine Asset Management LLC grew its position in shares of Bristow Group by 105.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock valued at $59,000 after purchasing an additional 34,400 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Bristow Group during the 3rd quarter valued at $212,000. Quest Partners LLC grew its position in shares of Bristow Group by 32.7% during the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock valued at $213,000 after purchasing an additional 1,511 shares in the last quarter. ClearAlpha Technologies LP purchased a new position in shares of Bristow Group during the 3rd quarter valued at $250,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Bristow Group during the 3rd quarter valued at $298,000. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.71, for a total transaction of $272,245.33. Following the completion of the sale, the insider now directly owns 3,188,625 shares in the company, valued at $104,299,923.75. This represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lorin L. Brass sold 2,700 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the sale, the director now owns 28,104 shares of the company’s stock, valued at approximately $1,039,848. The trade was a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,952 shares of company stock worth $762,272. Corporate insiders own 14.90% of the company’s stock.

Bristow Group Stock Up 1.1 %

VTOL opened at $31.36 on Friday. The company has a fifty day moving average price of $34.89 and a 200-day moving average price of $35.31. The firm has a market capitalization of $897.90 million, a P/E ratio of 16.86 and a beta of 1.39. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. Bristow Group Inc. has a one year low of $24.33 and a one year high of $41.50.

Bristow Group (NYSE:VTOL) last announced its earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.46. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The company had revenue of $353.53 million during the quarter, compared to analyst estimates of $367.00 million.

Bristow Group Company 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.