ClearAlpha Technologies LP Takes $250,000 Position in Bristow Group Inc. (NYSE:VTOL)

ClearAlpha Technologies LP acquired a new position in shares of Bristow Group Inc. (NYSE:VTOL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,220 shares of the company’s stock, valued at approximately $250,000.

Other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Bristow Group by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock worth $315,000 after buying an additional 620 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Bristow Group by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock worth $8,223,000 after acquiring an additional 674 shares during the period. Rhumbline Advisers raised its stake in Bristow Group by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock valued at $2,611,000 after purchasing an additional 795 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Bristow Group by 5.7% in the 3rd quarter. New York State Teachers Retirement System now owns 16,683 shares of the company’s stock valued at $579,000 after purchasing an additional 900 shares during the period. Finally, Atom Investors LP grew its position in Bristow Group by 1.5% in the 3rd quarter. Atom Investors LP now owns 92,536 shares of the company’s stock worth $3,210,000 after purchasing an additional 1,363 shares during the last quarter. Institutional investors own 93.29% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Alternative Asset Manage Solus sold 4,255 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $38.02, for a total value of $161,775.10. Following the sale, the insider now owns 3,226,948 shares of the company’s stock, valued at $122,688,562.96. The trade was a 0.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 94,858 shares of company stock valued at $3,527,946 over the last quarter. Corporate insiders own 14.90% of the company’s stock.

Bristow Group Price Performance

Shares of VTOL stock opened at $37.91 on Tuesday. Bristow Group Inc. has a 12 month low of $24.33 and a 12 month high of $41.50. The company has a market capitalization of $1.09 billion, a P/E ratio of 20.46 and a beta of 1.31. The stock has a 50 day moving average of $35.66 and a two-hundred day moving average of $35.59. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.34. The firm had revenue of $365.12 million for the quarter. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. During the same period last year, the firm earned $0.41 EPS.

Analysts Set New Price Targets

Separately, Benchmark upped their price objective on shares of Bristow Group from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 8th.

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.