Counterpoint Mutual Funds LLC Buys 5,270 Shares of Bristow Group Inc. (NYSE:VTOL)

Counterpoint Mutual Funds LLC lifted its holdings in Bristow Group Inc. (NYSE:VTOL) by 82.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,637 shares of the company’s stock after acquiring an additional 5,270 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Bristow Group were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

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

Bristow Group Stock Performance

VTOL stock opened at $31.62 on Tuesday. The stock has a 50-day moving average price of $34.82 and a 200-day moving average price of $35.24. Bristow Group Inc. has a 1-year low of $24.33 and a 1-year high of $41.50. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The firm has a market cap of $905.29 million, a PE ratio of 17.00 and a beta of 1.39.

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

Insider Activity

In other news, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.71, for a total value 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 trade represents a 0.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lorin L. Brass sold 2,700 shares of Bristow Group stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the transaction, the director now owns 28,104 shares of the company’s stock, valued at $1,039,848. This trade represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,952 shares of company stock worth $762,272 in the last three months. Company insiders own 14.90% of the company’s stock.

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.