Connor Clark & Lunn Investment Management Ltd. Purchases 6,213 Shares of Bristow Group Inc. (NYSE:VTOL)

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Bristow Group Inc. (NYSE:VTOL) by 22.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,126 shares of the company’s stock after buying an additional 6,213 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.12% of Bristow Group worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System grew its stake in Bristow Group by 10.2% during the first quarter. New York State Teachers Retirement System now owns 18,389 shares of the company’s stock worth $581,000 after buying an additional 1,706 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Bristow Group by 244.6% during the first quarter. SG Americas Securities LLC now owns 17,870 shares of the company’s stock valued at $564,000 after purchasing an additional 12,684 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Bristow Group during the first quarter valued at approximately $451,000. GAMMA Investing LLC grew its stake in shares of Bristow Group by 3,773.3% during the first quarter. GAMMA Investing LLC now owns 23,085 shares of the company’s stock valued at $731,000 after purchasing an additional 22,489 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Bristow Group by 17.3% during the fourth quarter. Nuveen Asset Management LLC now owns 75,121 shares of the company’s stock valued at $2,577,000 after purchasing an additional 11,061 shares during the last quarter. 93.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Bristow Group

In other Bristow Group news, Director Maryanne Miller sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $38.37, for a total value of $69,066.00. Following the transaction, the director directly owned 22,452 shares of the company’s stock, valued at approximately $861,483.24. This trade represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jennifer Dawn Whalen sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $37.55, for a total transaction of $187,750.00. Following the completion of the transaction, the chief financial officer directly owned 94,203 shares in the company, valued at approximately $3,537,322.65. The trade was a 5.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 81,666 shares of company stock valued at $2,867,992 over the last three months. Insiders own 13.40% of the company’s stock.

Bristow Group Price Performance

VTOL opened at $37.92 on Friday. Bristow Group Inc. has a one year low of $25.11 and a one year high of $39.91. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.81 and a quick ratio of 1.44. The company’s 50 day simple moving average is $34.93 and its 200-day simple moving average is $32.58. The stock has a market capitalization of $1.09 billion, a P/E ratio of 9.46 and a beta of 1.32.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.76 by $0.31. Bristow Group had a net margin of 8.24% and a return on equity of 12.86%. The business had revenue of $376.43 million for the quarter, compared to analysts’ expectations of $380.00 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.