OP Asset Management Ltd Takes Position in Bristow Group Inc. $VTOL

OP Asset Management Ltd acquired a new position in Bristow Group Inc. (NYSE:VTOL) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,666 shares of the company’s stock, valued at approximately $1,766,000.

Several other hedge funds also recently added to or reduced their stakes in VTOL. AQR Capital Management LLC acquired a new position in Bristow Group during the 1st quarter valued at about $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Bristow Group by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock worth $461,000 after acquiring an additional 609 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Bristow Group by 178.7% during the first quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock worth $1,690,000 after acquiring an additional 34,317 shares during the last quarter. Strs Ohio purchased a new stake in shares of Bristow Group during the first quarter worth about $44,000. Finally, Creative Planning acquired a new position in shares of Bristow Group during the second quarter valued at about $236,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VTOL has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Wall Street Zen lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research cut shares of Bristow Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.00.

Bristow Group Stock Down 0.4%

Bristow Group stock opened at $41.74 on Monday. The business’s 50-day simple moving average is $43.86 and its two-hundred day simple moving average is $43.31. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.79 and a current ratio of 2.15. The company has a market cap of $1.24 billion, a PE ratio of 10.87 and a beta of 1.22. Bristow Group Inc. has a fifty-two week low of $32.43 and a fifty-two week high of $50.38.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.57). Bristow Group had a return on equity of 11.10% and a net margin of 7.51%.The firm had revenue of $388.71 million during the quarter, compared to analysts’ expectations of $383.68 million. Equities analysts anticipate that Bristow Group Inc. will post 3.87 EPS for the current year.

Bristow Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. Bristow Group’s dividend payout ratio (DPR) is currently 13.02%.

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.