Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 98,112 Bristow Group Inc. $VTOL

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Bristow Group Inc. (NYSE:VTOL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 98,112 shares of the company’s stock, valued at approximately $3,540,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.34% of Bristow Group at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Taconic Capital Advisors LP grew its holdings in Bristow Group by 6.4% during the 2nd quarter. Taconic Capital Advisors LP now owns 1,331,073 shares of the company’s stock worth $43,885,000 after acquiring an additional 80,000 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Bristow Group by 21.3% during the second quarter. Brown Advisory Inc. now owns 1,224,954 shares of the company’s stock worth $40,387,000 after purchasing an additional 215,214 shares during the period. American Century Companies Inc. grew its stake in shares of Bristow Group by 13.1% in the second quarter. American Century Companies Inc. now owns 749,674 shares of the company’s stock worth $24,717,000 after purchasing an additional 86,673 shares during the last quarter. Geode Capital Management LLC raised its position in Bristow Group by 9.0% during the 2nd quarter. Geode Capital Management LLC now owns 624,318 shares of the company’s stock worth $20,588,000 after purchasing an additional 51,594 shares during the last quarter. Finally, Donald Smith & CO. Inc. lifted its holdings in Bristow Group by 112.6% during the 2nd quarter. Donald Smith & CO. Inc. now owns 250,953 shares of the company’s stock worth $8,274,000 after buying an additional 132,926 shares during the period. Institutional investors own 93.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VTOL. Jones Trading initiated coverage on Bristow Group in a research note on Friday, January 23rd. They issued a “buy” rating for the company. Wall Street Zen upgraded shares of Bristow Group from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Bristow Group currently has a consensus rating of “Buy”.

Insider Transactions at Bristow Group

In related news, Director George Mark Mickelson sold 10,000 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $38.40, for a total value of $384,000.00. Following the completion of the sale, the director directly owned 60,265 shares of the company’s stock, valued at $2,314,176. The trade was a 14.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $38.05, for a total value of $7,610,000.00. Following the sale, the insider owned 2,876,796 shares of the company’s stock, valued at approximately $109,462,087.80. This represents a 6.50% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 221,000 shares of company stock valued at $8,417,775. 13.40% of the stock is currently owned by corporate insiders.

Bristow Group Trading Down 2.0%

NYSE VTOL opened at $44.09 on Thursday. The stock has a market capitalization of $1.28 billion, a P/E ratio of 9.22 and a beta of 1.39. The business has a 50 day simple moving average of $38.30 and a 200 day simple moving average of $37.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.91 and a quick ratio of 1.53. Bristow Group Inc. has a one year low of $25.11 and a one year high of $45.55.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.78. The firm had revenue of $386.29 million for the quarter, compared to analysts’ expectations of $400.00 million. Bristow Group had a return on equity of 14.83% and a net margin of 9.71%.

About Bristow Group

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.