Brown Advisory Inc. Sells 74,135 Shares of Bristow Group Inc. $VTOL

Brown Advisory Inc. cut its position in shares of Bristow Group Inc. (NYSE:VTOL) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,353,063 shares of the company’s stock after selling 74,135 shares during the quarter. Brown Advisory Inc.’s holdings in Bristow Group were worth $49,549,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of VTOL. Raymond James Financial Inc. bought a new position in shares of Bristow Group during the 2nd quarter valued at about $25,000. Clearstead Advisors LLC increased its position in shares of 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 position in shares of Bristow Group by 1,645.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after purchasing an additional 1,053 shares during the last quarter. Strs Ohio bought a new position in shares of Bristow Group during the 1st quarter valued at about $44,000. Finally, Wolverine Asset Management LLC increased its position in shares of Bristow Group by 121.4% during the 4th quarter. Wolverine Asset Management LLC now owns 1,824 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Bristow Group news, Director Lorin L. Brass sold 1,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the sale, the director owned 17,455 shares in the company, valued at approximately $785,475. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 13.40% of the company’s stock.

Bristow Group Price Performance

VTOL opened at $44.11 on Monday. The stock’s 50 day simple moving average is $45.16 and its 200 day simple moving average is $42.94. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.15 and a quick ratio of 1.79. Bristow Group Inc. has a 1 year low of $31.75 and a 1 year high of $50.38. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 11.49 and a beta of 1.22.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings results 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 company had revenue of $388.71 million for the quarter, compared to the consensus estimate of $383.68 million. As a group, analysts predict that Bristow Group Inc. will post 3.87 earnings per share for the current year.

Bristow Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.125 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.50 annualized dividend and a yield of 1.1%. Bristow Group’s dividend payout ratio (DPR) is 13.02%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Raymond James Financial assumed coverage on Bristow Group in a research report on Tuesday, February 17th. They set an “outperform” rating and a $60.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Zacks Research lowered Bristow Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.