Bristow Group (NYSE:VTOL) Reaches New 12-Month High – Still a Buy?

Bristow Group Inc. (NYSE:VTOL)’s share price reached a new 52-week high on Thursday . The stock traded as high as $45.55 and last traded at $44.09, with a volume of 219376 shares traded. The stock had previously closed at $45.00.

Wall Street Analyst Weigh In

A number of research firms recently commented on VTOL. Jones Trading began coverage on shares of Bristow Group in a research note on Friday, January 23rd. They issued a “buy” rating for the company. Wall Street Zen raised Bristow Group from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Bristow Group Stock Down 2.0%

The business’s 50 day simple moving average is $38.30 and its 200-day simple moving average is $37.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.91. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 9.22 and a beta of 1.39.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.78. The business had revenue of $386.29 million during the quarter, compared to analyst estimates of $400.00 million. Bristow Group had a return on equity of 14.83% and a net margin of 9.71%.

Insider Transactions at Bristow Group

In other news, Director Robert Manzo sold 6,000 shares of Bristow Group stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $38.75, for a total transaction of $232,500.00. Following the completion of the sale, the director directly owned 32,583 shares in the company, valued at $1,262,591.25. The trade was a 15.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lorin L. Brass sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $38.00, for a total value of $95,000.00. Following the completion of the transaction, the director owned 21,705 shares in the company, valued at $824,790. This represents a 10.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 221,000 shares of company stock valued at $8,417,775 over the last 90 days. Company insiders own 13.40% of the company’s stock.

Institutional Investors Weigh In On Bristow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTOL. AQR Capital Management LLC acquired a new position in Bristow Group during the first quarter valued at approximately $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Bristow Group by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock worth $461,000 after buying an additional 609 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Bristow Group by 178.7% during the 1st quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock worth $1,690,000 after buying an additional 34,317 shares during the period. Strs Ohio acquired a new position in Bristow Group in the 1st quarter valued at $44,000. Finally, State of Alaska Department of Revenue grew its stake in Bristow Group by 8.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 14,754 shares of the company’s stock valued at $485,000 after buying an additional 1,112 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

About Bristow Group

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.