Sei Investments Co. Purchases 42,193 Shares of Bristow Group Inc. $VTOL

Sei Investments Co. lifted its position in shares of Bristow Group Inc. (NYSE:VTOL) by 107.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,589 shares of the company’s stock after purchasing an additional 42,193 shares during the quarter. Sei Investments Co.’s holdings in Bristow Group were worth $3,826,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Bristow Group in the 2nd quarter worth approximately $25,000. Clearstead Advisors LLC boosted its stake in Bristow Group by 1,450.7% during the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock valued at $39,000 after purchasing an additional 1,001 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Bristow Group by 1,645.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock worth $41,000 after purchasing an additional 1,053 shares in the last quarter. Strs Ohio purchased a new position in shares of Bristow Group in the first quarter worth $61,000. Finally, Wolverine Asset Management LLC raised its stake in shares of Bristow Group by 121.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,824 shares of the company’s stock worth $67,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 93.29% of the company’s stock.

Bristow Group Price Performance

Shares of NYSE:VTOL opened at $45.03 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.33 billion, a PE ratio of 12.98 and a beta of 1.22. The firm’s 50 day moving average price is $43.30 and its 200-day moving average price is $44.60. Bristow Group Inc. has a twelve month low of $35.03 and a twelve month high of $50.38.

Bristow Group (NYSE:VTOL) last announced its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.19). Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. The business had revenue of $411.75 million for the quarter, compared to the consensus estimate of $407.28 million. Equities research analysts expect that Bristow Group Inc. will post 3.87 EPS for the current year.

Bristow Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, August 14th. Bristow Group’s dividend payout ratio (DPR) is currently 14.41%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen cut Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Finally, Zacks Research upgraded shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Bristow Group Profile

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.