Bristow Group Inc. (NYSE:VTOL) Short Interest Down 25.4% in February

Bristow Group Inc. (NYSE:VTOL) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 365,500 shares, a drop of 25.4% from the February 13th total of 490,200 shares. Based on an average daily volume of 126,900 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.3% of the shares of the stock are sold short.

Insider Buying and Selling at Bristow Group

In related news, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.71, for a total transaction of $386,926.59. Following the sale, the insider now owns 3,176,796 shares of the company’s stock, valued at $103,912,997.16. This trade represents a 0.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lorin L. Brass sold 2,700 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the sale, the director now directly owns 28,104 shares in the company, valued at approximately $1,039,848. This trade represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,952 shares of company stock valued at $762,272. 14.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC raised its position in Bristow Group by 795.5% during the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company’s stock worth $27,000 after purchasing an additional 700 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Bristow Group during the 4th quarter worth $34,000. Wolverine Asset Management LLC raised its position in Bristow Group by 105.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock worth $59,000 after purchasing an additional 34,400 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Bristow Group during the 4th quarter worth $118,000. Finally, Aquatic Capital Management LLC bought a new position in Bristow Group during the 4th quarter worth $142,000. 93.29% of the stock is owned by institutional investors.

Bristow Group Trading Up 0.7 %

NYSE VTOL opened at $31.62 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. Bristow Group has a twelve month low of $24.33 and a twelve month high of $41.50. The company has a market cap of $905.29 million, a price-to-earnings ratio of 17.00 and a beta of 1.39. The business’s fifty day moving average is $34.82 and its 200 day moving average is $35.24.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.46. The company had revenue of $353.53 million for 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%.

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.