Bristow Group Inc. $VTOL Position Raised by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its position in shares of Bristow Group Inc. (NYSE:VTOL) by 15.9% in the third quarter, HoldingsChannel.com reports. The firm owned 97,760 shares of the company’s stock after buying an additional 13,398 shares during the period. Public Sector Pension Investment Board’s holdings in Bristow Group were worth $3,527,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VTOL. Raymond James Financial Inc. bought a new stake in shares of Bristow Group in the 2nd quarter worth $25,000. Strs Ohio acquired a new position in Bristow Group during the first quarter worth about $44,000. CWM LLC grew its holdings in Bristow Group by 208.4% during the second quarter. CWM LLC now owns 1,351 shares of the company’s stock worth $45,000 after acquiring an additional 913 shares during the period. Tower Research Capital LLC TRC raised its position in Bristow Group by 296.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,508 shares of the company’s stock worth $83,000 after acquiring an additional 1,876 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Bristow Group in the 2nd quarter valued at about $90,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VTOL shares. Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a research report on Wednesday, January 21st. Raymond James Financial initiated coverage on shares of Bristow Group in a research note on Tuesday. They set an “outperform” rating and a $60.00 target price for the company. Finally, JonesTrading initiated coverage on shares of Bristow Group in a research report on Friday, January 23rd. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $60.00.

Insider Activity at Bristow Group

In related news, Director Lorin L. Brass sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $38.00, for a total value of $95,000.00. Following the completion of the sale, the director owned 21,705 shares in the company, valued at approximately $824,790. This represents a 10.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.40% of the company’s stock.

Bristow Group Price Performance

VTOL stock opened at $46.58 on Friday. Bristow Group Inc. has a one year low of $25.11 and a one year high of $47.00. The firm has a 50-day moving average of $41.02 and a two-hundred day moving average of $38.91. The firm has a market capitalization of $1.35 billion, a PE ratio of 9.74 and a beta of 1.38. The company has a current ratio of 1.91, a quick ratio of 1.53 and a debt-to-equity ratio of 0.63.

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.