UBS Group AG Has $2.21 Million Stake in Bristow Group Inc. $VTOL

UBS Group AG decreased its position in shares of Bristow Group Inc. (NYSE:VTOL) by 50.5% during the 4th quarter, HoldingsChannel reports. The fund owned 60,261 shares of the company’s stock after selling 61,356 shares during the period. UBS Group AG’s holdings in Bristow Group were worth $2,207,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Bristow Group by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company’s stock valued at $75,313,000 after acquiring an additional 71,638 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Bristow Group by 33.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 130,735 shares of the company’s stock valued at $4,795,000 after acquiring an additional 32,623 shares in the last quarter. Round Rock Advisors LLC boosted its holdings in shares of Bristow Group by 177.5% during the 4th quarter. Round Rock Advisors LLC now owns 31,782 shares of the company’s stock valued at $1,164,000 after acquiring an additional 20,329 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Bristow Group by 35.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,275 shares of the company’s stock valued at $303,000 after acquiring an additional 2,145 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Bristow Group by 90.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,257 shares of the company’s stock valued at $607,000 after acquiring an additional 7,742 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on VTOL shares. Zacks Research downgraded Bristow Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Raymond James Financial started coverage on Bristow Group in a report on Tuesday, February 17th. They set an “outperform” rating and a $60.00 target price on the stock. Finally, Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Bristow Group has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Bristow Group Stock Down 3.0%

Shares of VTOL opened at $42.16 on Thursday. The company has a market capitalization of $1.25 billion, a PE ratio of 10.98 and a beta of 1.29. Bristow Group Inc. has a 12 month low of $29.16 and a 12 month high of $50.38. The stock’s 50-day moving average price is $45.87 and its two-hundred day moving average price is $42.53. The company has a current ratio of 2.15, a quick ratio of 1.79 and a debt-to-equity ratio of 0.69.

Bristow Group (NYSE:VTOL) last announced its 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 company had revenue of $388.71 million for the quarter, compared to analyst estimates of $383.68 million. Bristow Group had a return on equity of 11.10% and a net margin of 7.51%. On average, analysts anticipate that Bristow Group Inc. will post 3.87 EPS for the current year.

Bristow Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.50 annualized dividend and a yield of 1.2%. Bristow Group’s payout ratio is presently 13.02%.

Insider Activity

In other news, Director Lorin L. Brass sold 3,250 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $49.04, for a total value of $159,380.00. Following the transaction, the director directly owned 18,455 shares of the company’s stock, valued at $905,033.20. The trade was a 14.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jennifer Dawn Whalen sold 26,667 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $46.90, for a total value of $1,250,682.30. Following the completion of the transaction, the chief financial officer directly owned 108,241 shares in the company, valued at $5,076,502.90. This represents a 19.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 61,104 shares of company stock worth $2,869,206. 13.40% of the stock is owned by corporate insiders.

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.