Bristow Group Inc. $VTOL Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. decreased its position in Bristow Group Inc. (NYSE:VTOL) by 23.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 172,897 shares of the company’s stock after selling 54,165 shares during the quarter. Donald Smith & CO. Inc.’s holdings in Bristow Group were worth $6,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Bristow Group in the 2nd quarter valued at about $25,000. Clearstead Advisors LLC raised its stake in Bristow Group by 1,450.7% in 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. Strs Ohio acquired a new position in Bristow Group in the 1st quarter valued at about $44,000. Wolverine Asset Management LLC raised its stake in Bristow Group by 121.4% in 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. Finally, Tower Research Capital LLC TRC raised its stake in Bristow Group by 296.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,508 shares of the company’s stock valued at $83,000 after purchasing an additional 1,876 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on VTOL shares. Raymond James Financial started coverage on shares of Bristow Group in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 target price for the company. Wall Street Zen downgraded shares of Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Finally, Zacks Research downgraded shares of Bristow Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.00.

Insider Buying and Selling

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 completion of the sale, the director owned 17,455 shares in the company, valued at $785,475. The trade was a 5.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.40% of the stock is owned by company insiders.

Bristow Group Stock Down 0.2%

VTOL opened at $42.75 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 stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.13 and a beta of 1.22. The business has a 50-day moving average of $45.29 and a two-hundred day moving average of $42.85. Bristow Group Inc. has a 12 month low of $31.75 and a 12 month high of $50.38.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.57). The business had revenue of $388.71 million during the quarter, compared to analysts’ expectations of $383.68 million. Bristow Group had a net margin of 7.51% and a return on equity of 11.10%. On average, research analysts expect that Bristow Group Inc. will post 3.87 earnings per share for the current year.

Bristow Group Dividend Announcement

The firm also recently declared 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 1.2%. Bristow Group’s payout ratio is 13.02%.

Bristow Group Company 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.