Bristow Group (NYSE:VTOL) Sets New 52-Week High at $32.58

Bristow Group Inc. (NYSE:VTOL)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $32.58 and last traded at $32.31, with a volume of 6608 shares trading hands. The stock had previously closed at $32.25.

Bristow Group Stock Up 3.0 %

The firm’s 50-day simple moving average is $26.52 and its 200 day simple moving average is $26.75. The company has a market cap of $943.12 million, a P/E ratio of -134.38 and a beta of 1.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.50 and a current ratio of 1.82.

Bristow Group (NYSE:VTOL) last issued its earnings results on Tuesday, May 7th. The company reported $0.23 EPS for the quarter. Bristow Group had a negative net margin of 0.52% and a negative return on equity of 0.84%. The company had revenue of $337.09 million during the quarter.

Insider Activity

In related news, EVP David F. Stepanek sold 9,033 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $26.13, for a total value of $236,032.29. Following the completion of the transaction, the executive vice president now directly owns 46,878 shares of the company’s stock, valued at approximately $1,224,922.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 15.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bristow Group

A number of large investors have recently modified their holdings of VTOL. Quantbot Technologies LP acquired a new position in shares of Bristow Group during the 3rd quarter worth about $137,000. Caxton Associates LP bought a new position in Bristow Group in the 3rd quarter valued at about $238,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Bristow Group by 6.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,899 shares of the company’s stock valued at $308,000 after acquiring an additional 634 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Bristow Group in the 3rd quarter valued at about $327,000. Finally, Louisiana State Employees Retirement System bought a new position in Bristow Group in the 4th quarter valued at about $339,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

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.