Bristow Group (NYSE:VTOL) Hits New 12-Month High – Here’s What Happened

Bristow Group Inc. (NYSE:VTOL)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $46.04 and last traded at $45.0320, with a volume of 4594 shares traded. The stock had previously closed at $44.76.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Jones Trading initiated coverage on shares of Bristow Group in a report on Friday, January 23rd. They issued a “buy” rating on the stock. Wall Street Zen upgraded shares of Bristow Group from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, Weiss Ratings reaffirmed 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, According to MarketBeat.com, Bristow Group has an average rating of “Buy”.

Bristow Group Price Performance

The company has a quick ratio of 1.53, a current ratio of 1.91 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average price is $39.67 and its two-hundred day moving average price is $38.39. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 9.50 and a beta of 1.38.

Insider Activity

In other Bristow Group news, Director George Mark Mickelson sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $38.40, for a total value of $384,000.00. Following the completion of the transaction, the director directly owned 60,265 shares of the company’s stock, valued at approximately $2,314,176. The trade was a 14.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lorin L. Brass sold 2,500 shares of Bristow Group stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $38.00, for a total transaction of $95,000.00. Following the transaction, the director directly owned 21,705 shares of the company’s stock, valued at approximately $824,790. This trade represents a 10.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 215,000 shares of company stock valued at $8,185,275 in the last quarter. 13.40% of the stock is currently owned by company insiders.

Institutional Trading of Bristow Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VTOL. AQR Capital Management LLC acquired a new position in shares of Bristow Group in the first quarter worth about $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Bristow Group by 4.4% during the 1st 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 period. Jane Street Group LLC lifted its position 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 valued at $1,690,000 after buying an additional 34,317 shares in the last quarter. Strs Ohio acquired a new stake in Bristow Group in the 1st quarter valued at $44,000. Finally, CWM LLC grew its stake in Bristow Group by 208.4% in the 2nd quarter. CWM LLC now owns 1,351 shares of the company’s stock valued at $45,000 after acquiring an additional 913 shares during the period. Institutional investors and hedge funds own 93.29% of the company’s stock.

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.