Encompass Capital Advisors LLC Invests $25.61 Million in Bristow Group Inc. $VTOL

Encompass Capital Advisors LLC bought a new position in shares of Bristow Group Inc. (NYSE:VTOL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 699,429 shares of the company’s stock, valued at approximately $25,613,000. Encompass Capital Advisors LLC owned about 2.42% of Bristow Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Bristow Group during the second quarter worth $25,000. Clearstead Advisors LLC raised its holdings in shares of Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock valued at $39,000 after acquiring an additional 1,001 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Bristow Group by 1,645.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after acquiring an additional 1,053 shares in the last quarter. Strs Ohio bought a new stake in shares of Bristow Group in the first quarter valued at about $44,000. Finally, Wolverine Asset Management LLC raised its holdings 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 valued at $67,000 after acquiring an additional 1,000 shares in the last quarter. 93.29% of the stock is currently owned by institutional investors.

Insider Transactions at Bristow Group

In other Bristow Group news, Director Lorin L. Brass sold 1,000 shares of Bristow Group stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the transaction, the director owned 17,455 shares in the company, valued at $785,475. The trade was a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.40% of the stock is owned by company insiders.

Bristow Group Stock Performance

VTOL stock opened at $42.46 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.15 and a quick ratio of 1.79. The business has a 50-day moving average price of $44.89 and a 200 day moving average price of $43.06. The company has a market capitalization of $1.26 billion, a P/E ratio of 11.06 and a beta of 1.22. Bristow Group Inc. has a 1-year low of $31.75 and a 1-year high of $50.38.

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

Bristow Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, May 15th. Bristow Group’s payout ratio is 13.02%.

Analysts Set New Price Targets

VTOL has been the subject of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Zacks Research downgraded Bristow Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Bristow Group presently 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.