Bristow Group (NYSE:VTOL) Sees Strong Trading Volume – What’s Next?

Shares of Bristow Group Inc. (NYSE:VTOL) saw strong trading volume on Tuesday . 341,918 shares were traded during trading, an increase of 132% from the previous session’s volume of 147,393 shares.The stock last traded at $32.35 and had previously closed at $30.98.

Bristow Group Trading Up 4.2%

The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $929.17 million, a PE ratio of 17.33 and a beta of 1.32. The stock’s fifty day moving average price is $29.04 and its two-hundred day moving average price is $32.65.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.34. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The firm had revenue of $350.53 million for the quarter, compared to analyst estimates of $353.00 million.

Insider Buying and Selling at Bristow Group

In related news, Director Maryanne Miller sold 2,200 shares of Bristow Group stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $32.15, for a total transaction of $70,730.00. Following the sale, the director now directly owns 19,173 shares in the company, valued at $616,411.95. The trade was a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Alternative Asset Manage Solus sold 9,875 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $32.08, for a total value of $316,790.00. Following the completion of the transaction, the insider now owns 3,166,821 shares of the company’s stock, valued at approximately $101,591,617.68. This trade represents a 0.31% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,175 shares of company stock valued at $390,720. 14.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Bristow Group by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,621,027 shares of the company’s stock worth $55,600,000 after acquiring an additional 48,852 shares in the last quarter. Empyrean Capital Partners LP lifted its holdings in shares of Bristow Group by 4.6% during the first quarter. Empyrean Capital Partners LP now owns 1,130,000 shares of the company’s stock valued at $35,685,000 after purchasing an additional 50,000 shares during the last quarter. Taconic Capital Advisors LP boosted its position in shares of Bristow Group by 4.9% in the 4th quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company’s stock worth $37,659,000 after purchasing an additional 50,900 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Bristow Group by 17.7% in the 1st quarter. Brown Advisory Inc. now owns 1,009,740 shares of the company’s stock worth $31,888,000 after buying an additional 151,784 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Bristow Group by 14.5% in the 1st quarter. American Century Companies Inc. now owns 663,001 shares of the company’s stock worth $20,938,000 after buying an additional 84,061 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors.

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.