Bristow Group (NYSE:VTOL) Sets New 52-Week High at $41.50

Bristow Group Inc. (NYSE:VTOL) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $41.50 and last traded at $39.17, with a volume of 47538 shares traded. The stock had previously closed at $33.78.

Bristow Group Stock Performance

The stock has a 50 day simple moving average of $34.37 and a 200 day simple moving average of $30.31. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 844.50 and a beta of 1.32. The company has a quick ratio of 1.39, a current ratio of 1.73 and a debt-to-equity ratio of 0.65.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.23 EPS for the quarter. Bristow Group had a return on equity of 0.17% and a net margin of 0.10%. The company had revenue of $337.09 million for the quarter.

Insider Buying and Selling

In related news, EVP David F. Stepanek sold 16,667 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $32.92, for a total value of $548,677.64. Following the transaction, the executive vice president now owns 47,668 shares in the company, valued at $1,569,230.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 14.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Bristow Group by 6.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,899 shares of the company’s stock worth $308,000 after acquiring an additional 634 shares in the last quarter. Rhumbline Advisers raised its stake in Bristow Group by 1.0% during the second quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock valued at $2,611,000 after buying an additional 795 shares in the last quarter. Quadrature Capital Ltd raised its stake in Bristow Group by 10.9% during the fourth quarter. Quadrature Capital Ltd now owns 15,117 shares of the company’s stock valued at $427,000 after buying an additional 1,491 shares in the last quarter. nVerses Capital LLC acquired a new stake in Bristow Group during the second quarter valued at approximately $64,000. Finally, Innealta Capital LLC acquired a new stake in Bristow Group during the second quarter valued at approximately $74,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

About Bristow Group

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.