Lee Danner & Bass Inc. Invests $6.61 Million in Bristow Group Inc. $VTOL

Lee Danner & Bass Inc. bought a new stake in Bristow Group Inc. (NYSE:VTOL) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 141,000 shares of the company’s stock, valued at approximately $6,611,000. Lee Danner & Bass Inc. owned about 0.48% of Bristow Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. 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 valued at $30,090,000 after buying an additional 84,318 shares in the last quarter. Vanguard Group Inc. lifted its position in Bristow Group by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company’s stock worth $75,313,000 after buying an additional 71,638 shares in the last quarter. Horizon Investments LLC bought a new stake in Bristow Group during the 4th quarter worth about $616,000. Invenomic Capital Management LP grew its holdings in Bristow Group by 15.7% during the 3rd quarter. Invenomic Capital Management LP now owns 132,596 shares of the company’s stock worth $4,784,000 after acquiring an additional 18,003 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Bristow Group by 33.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 130,735 shares of the company’s stock worth $4,795,000 after acquiring an additional 32,623 shares during the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VTOL shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Zacks Research lowered shares of Bristow Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen cut shares of Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Bristow Group Price Performance

Shares of VTOL stock opened at $41.23 on Friday. The stock has a 50-day moving average price of $43.21 and a 200 day moving average price of $43.42. 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 firm has a market cap of $1.22 billion, a price-to-earnings ratio of 10.74 and a beta of 1.23. Bristow Group Inc. has a 12 month low of $32.76 and a 12 month 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 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 for the quarter, compared to the consensus estimate of $383.68 million. Research analysts expect 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. Investors of record on Friday, May 15th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 15th. Bristow Group’s payout ratio is 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.