16,831 Shares in Bristow Group Inc. $VTOL Purchased by Horizon Investments LLC

Horizon Investments LLC purchased a new position in Bristow Group Inc. (NYSE:VTOL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 16,831 shares of the company’s stock, valued at approximately $616,000. Horizon Investments LLC owned approximately 0.06% of Bristow Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Amalgamated Bank lifted its stake in shares of Bristow Group by 3.7% in the third quarter. Amalgamated Bank now owns 7,253 shares of the company’s stock worth $262,000 after acquiring an additional 256 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Bristow Group by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock worth $461,000 after acquiring an additional 609 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Bristow Group by 4.3% in the third quarter. Lazard Asset Management LLC now owns 17,426 shares of the company’s stock worth $629,000 after acquiring an additional 719 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Bristow Group in the second quarter worth about $25,000. Finally, State of Wyoming lifted its stake in shares of Bristow Group by 16.4% in the second quarter. State of Wyoming now owns 5,804 shares of the company’s stock worth $191,000 after acquiring an additional 816 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Stock Down 0.4%

VTOL opened at $42.39 on Friday. Bristow Group Inc. has a 12 month low of $28.03 and a 12 month high of $50.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.15 and a quick ratio of 1.54. The stock has a market cap of $1.26 billion, a P/E ratio of 11.04 and a beta of 1.29. The stock’s 50 day moving average price is $46.63 and its 200 day moving average price is $42.25.

Bristow Group (NYSE:VTOL) last posted 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). Bristow Group had a net margin of 7.51% and a return on equity of 11.10%. The business had revenue of $388.71 million during the quarter, compared to analyst estimates of $383.68 million. As a group, research analysts predict that Bristow Group Inc. will post 4.65 earnings per share for the current year.

Bristow Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, May 15th. Bristow Group’s dividend payout ratio (DPR) is currently 13.02%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Zacks Research upgraded Bristow Group to a “hold” rating in a research note on Thursday, February 19th. JonesTrading assumed coverage on Bristow Group in a report on Friday, January 23rd. They set a “buy” rating on the stock. Raymond James Financial assumed 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Insider Transactions at Bristow Group

In related news, Director Wesley E. Kern sold 3,079 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $46.83, for a total value of $144,189.57. Following the sale, the director directly owned 32,000 shares in the company, valued at $1,498,560. This trade represents a 8.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lorin L. Brass sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the sale, the director owned 17,455 shares in the company, valued at approximately $785,475. This represents a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 61,104 shares of company stock worth $2,869,206 over the last quarter. Insiders own 13.40% of the company’s stock.

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.