Ieq Capital LLC Purchases New Holdings in Bristow Group Inc. $VTOL

Ieq Capital LLC acquired a new position in shares of Bristow Group Inc. (NYSE:VTOL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,040 shares of the company’s stock, valued at approximately $1,117,000. Ieq Capital LLC owned approximately 0.09% of Bristow Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Bristow Group during the second quarter valued at approximately $25,000. Allworth Financial LP bought a new stake in shares of Bristow Group in the 2nd quarter worth approximately $43,000. Clearstead Advisors LLC grew its stake in shares of Bristow Group by 1,450.7% in the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after buying an additional 1,001 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Bristow Group by 1,645.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock worth $41,000 after buying an additional 1,053 shares during the last quarter. Finally, Strs Ohio bought a new position in Bristow Group during the 1st quarter valued at approximately $61,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on VTOL shares. Zacks Research upgraded Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Finally, Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Insider Buying and Selling at Bristow Group

In related news, Director Lorin L. Brass sold 1,890 shares of Bristow Group stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $46.56, for a total value of $87,998.40. Following the completion of the sale, the director directly owned 18,873 shares in the company, valued at approximately $878,726.88. This trade represents a 9.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stuart Stavley sold 10,218 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $46.20, for a total value of $472,071.60. Following the completion of the transaction, the chief operating officer directly owned 64,740 shares of the company’s stock, valued at approximately $2,990,988. This trade represents a 13.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,948 shares of company stock worth $599,055 over the last ninety days. 12.80% of the stock is currently owned by insiders.

Bristow Group Trading Down 1.9%

NYSE:VTOL opened at $45.01 on Thursday. The company’s 50 day moving average price is $44.29 and its 200-day moving average price is $44.85. Bristow Group Inc. has a 52 week low of $35.03 and a 52 week high of $50.38. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 12.97 and a beta of 1.22.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.19). The firm had revenue of $411.75 million for the quarter, compared to the consensus estimate of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. On average, equities research analysts forecast that Bristow Group Inc. will post 3.31 earnings per share for the current fiscal year.

Bristow Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 14th. Bristow Group’s dividend payout ratio is presently 14.41%.

Bristow Group 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.