Van Den Berg Management I Inc. Buys 15,471 Shares of Bristow Group Inc. $VTOL

Van Den Berg Management I Inc. raised its stake in Bristow Group Inc. (NYSE:VTOL) by 16.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,398 shares of the company’s stock after acquiring an additional 15,471 shares during the quarter. Van Den Berg Management I Inc.’s holdings in Bristow Group were worth $4,479,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Bristow Group during the second quarter worth approximately $25,000. Public Employees Retirement System of Ohio acquired a new stake in Bristow Group during the 2nd quarter worth approximately $27,000. Clearstead Advisors LLC boosted its stake in Bristow Group by 1,450.7% in the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock valued at $39,000 after purchasing an additional 1,001 shares during the period. Parkside Financial Bank & Trust boosted its stake in Bristow Group by 1,645.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after purchasing an additional 1,053 shares during the period. Finally, Allworth Financial LP acquired a new position in Bristow Group in the 2nd quarter valued at $43,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Bristow Group

In other news, COO Stuart Stavley sold 10,218 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $46.20, for a total transaction of $472,071.60. Following the completion of the sale, the chief operating officer owned 64,740 shares of the company’s stock, valued at approximately $2,990,988. This represents a 13.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lorin L. Brass sold 1,890 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $46.56, for a total transaction of $87,998.40. Following the sale, the director directly owned 18,873 shares of the company’s stock, valued at approximately $878,726.88. This trade represents a 9.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,148 shares of company stock worth $608,365 over the last quarter. Corporate insiders own 12.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Bristow Group Price Performance

Shares of NYSE VTOL opened at $43.63 on Friday. The stock has a market capitalization of $1.29 billion, a PE ratio of 12.57 and a beta of 1.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. The business has a fifty day moving average price of $44.38 and a two-hundred day moving average price of $44.85. Bristow Group Inc. has a fifty-two week low of $35.03 and a fifty-two week high of $50.38.

Bristow Group (NYSE:VTOL) last released its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). The company 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%. As a group, equities analysts predict that Bristow Group Inc. will post 3.31 earnings per share for the current fiscal year.

Bristow Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was 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.