Clayton Partners LLC Raises Holdings in Bristow Group Inc. (NYSE:VTOL)

Clayton Partners LLC lifted its stake in shares of Bristow Group Inc. (NYSE:VTOL) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,352 shares of the company’s stock after purchasing an additional 2,206 shares during the quarter. Bristow Group comprises 10.6% of Clayton Partners LLC’s investment portfolio, making the stock its biggest holding. Clayton Partners LLC owned about 1.57% of Bristow Group worth $15,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in VTOL. Wolverine Asset Management LLC boosted its position in shares of Bristow Group by 105.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock worth $59,000 after purchasing an additional 34,400 shares in the last quarter. Intech Investment Management LLC bought a new position in Bristow Group in the 3rd quarter valued at about $212,000. Quest Partners LLC lifted its position in Bristow Group by 32.7% in the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock valued at $213,000 after acquiring an additional 1,511 shares in the last quarter. ClearAlpha Technologies LP bought a new position in Bristow Group in the 3rd quarter valued at about $250,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Bristow Group in the 3rd quarter valued at about $298,000. Institutional investors own 93.29% of the company’s stock.

Bristow Group Price Performance

Shares of NYSE VTOL opened at $31.36 on Friday. Bristow Group Inc. has a fifty-two week low of $24.33 and a fifty-two week high of $41.50. The stock has a market cap of $897.90 million, a price-to-earnings ratio of 16.86 and a beta of 1.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. The firm’s 50-day simple moving average is $34.89 and its 200 day simple moving average is $35.31.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.46. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The business had revenue of $353.53 million for the quarter, compared to analysts’ expectations of $367.00 million.

Insider Buying and Selling at Bristow Group

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $32.71, for a total value of $386,926.59. Following the completion of the sale, the insider now owns 3,176,796 shares in the company, valued at approximately $103,912,997.16. This trade represents a 0.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lorin L. Brass sold 2,700 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the sale, the director now owns 28,104 shares of the company’s stock, valued at approximately $1,039,848. This trade represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,952 shares of company stock worth $762,272. Insiders own 14.90% 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.