Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires New Position in Bristow Group Inc. $VTOL

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Bristow Group Inc. (NYSE:VTOL) during the 1st quarter, HoldingsChannel reports. The firm acquired 26,448 shares of the company’s stock, valued at approximately $1,240,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its stake in shares of Bristow Group by 11.2% in the third quarter. American Century Companies Inc. now owns 833,992 shares of the company’s stock worth $30,090,000 after acquiring an additional 84,318 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Bristow Group by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company’s stock worth $75,313,000 after acquiring an additional 71,638 shares in the last quarter. Horizon Investments LLC acquired a new stake in Bristow Group during the fourth quarter valued at $616,000. Invenomic Capital Management LP boosted its position in Bristow Group by 15.7% during the third quarter. Invenomic Capital Management LP now owns 132,596 shares of the company’s stock valued at $4,784,000 after purchasing an additional 18,003 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Bristow Group by 33.3% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 130,735 shares of the company’s stock valued at $4,795,000 after purchasing an additional 32,623 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wall Street Zen lowered Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Finally, Zacks Research cut Bristow Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Bristow Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Bristow Group Stock Down 0.4%

Shares of Bristow Group stock opened at $41.23 on Friday. Bristow Group Inc. has a 12-month low of $32.76 and a 12-month high of $50.38. The company has a quick ratio of 1.79, a current ratio of 2.15 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average price of $43.21 and a two-hundred day moving average price of $43.42. The stock has a market capitalization of $1.22 billion, a P/E ratio of 10.74 and a beta of 1.23.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates 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. Equities analysts expect that Bristow Group Inc. will post 3.87 earnings per share for the current year.

Bristow Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.125 dividend. The ex-dividend date 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 presently 13.02%.

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.