Oppenheimer & Co. Inc. Buys New Holdings in Bristow Group Inc. (NYSE:VTOL)

Oppenheimer & Co. Inc. bought a new stake in Bristow Group Inc. (NYSE:VTOL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 45,350 shares of the company’s stock, valued at approximately $1,556,000. Oppenheimer & Co. Inc. owned about 0.16% of Bristow Group as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. purchased a new stake in Bristow Group in the third quarter valued at approximately $572,000. Geode Capital Management LLC boosted its position in Bristow Group by 2.4% in the third quarter. Geode Capital Management LLC now owns 563,014 shares of the company’s stock valued at $19,535,000 after buying an additional 13,320 shares during the last quarter. Barclays PLC boosted its position in Bristow Group by 287.1% in the third quarter. Barclays PLC now owns 37,691 shares of the company’s stock valued at $1,308,000 after buying an additional 27,953 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Bristow Group by 26.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,257 shares of the company’s stock worth $2,541,000 after purchasing an additional 15,139 shares in the last quarter. Finally, State Street Corp boosted its position in Bristow Group by 2.1% in the 3rd quarter. State Street Corp now owns 937,527 shares of the company’s stock worth $32,523,000 after purchasing an additional 19,317 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Lorin L. Brass sold 2,700 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00. Following the transaction, the director now owns 28,104 shares in the company, valued at $1,039,848. This trade represents a 8.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 14.90% of the company’s stock.

Bristow Group Trading Down 7.7 %

Bristow Group stock opened at $34.17 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 12 month low of $24.33 and a 12 month high of $41.50. The stock’s 50 day simple moving average is $35.28 and its two-hundred day simple moving average is $35.66. The firm has a market cap of $978.22 million, a PE ratio of 18.37 and a beta of 1.35.

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

About Bristow Group

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.