Bristow Group Inc. $VTOL Shares Purchased by Prudential Financial Inc.

by · The Cerbat Gem

Prudential Financial Inc. grew its holdings in shares of Bristow Group Inc. (NYSE:VTOL – Free Report) by 177.9% in the 2nd quarter, Holdings Channel reports. The fund owned 68,729 shares of the company’s stock after acquiring an additional 43,994 shares during the period. Prudential Financial Inc.’s holdings in Bristow Group were worth $2,266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC grew its stake in Bristow Group by 22.5% during the 2nd quarter. Empowered Funds LLC now owns 127,942 shares of the company’s stock valued at $4,218,000 after purchasing an additional 23,473 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Bristow Group by 38.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,159 shares of the company’s stock valued at $131,000 after purchasing an additional 1,147 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Bristow Group by 74.7% during the 1st quarter. Federated Hermes Inc. now owns 912 shares of the company’s stock valued at $29,000 after buying an additional 390 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Bristow Group by 23.9% during the 1st quarter. Voya Investment Management LLC now owns 55,523 shares of the company’s stock valued at $1,753,000 after buying an additional 10,720 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Bristow Group by 72.1% during the second quarter. Teacher Retirement System of Texas now owns 19,335 shares of the company’s stock worth $637,000 after buying an additional 8,102 shares in the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director George Mark Mickelson sold 10,000 shares of the stock in a transaction 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 owned 60,265 shares of the company’s stock, valued at approximately $2,314,176. This represents a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lorin L. Brass sold 2,500 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $38.00, for a total transaction of $95,000.00. Following the completion of the transaction, the director owned 21,705 shares of the company’s stock, valued at $824,790. This represents a 10.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 221,000 shares of company stock valued at $8,417,775. Company insiders own 13.40% of the company’s stock.

Bristow Group Trading Down 0.1%

NYSE VTOL opened at $37.34 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.91. Bristow Group Inc. has a one year low of $25.11 and a one year high of $42.89. The company has a 50-day simple moving average of $37.99 and a 200-day simple moving average of $36.00. The firm has a market capitalization of $1.08 billion, a PE ratio of 7.81 and a beta of 1.42.

Bristow Group (NYSE:VTOL – Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.78. The firm had revenue of $386.29 million for the quarter, compared to analysts’ expectations of $400.00 million. Bristow Group had a net margin of 9.71% and a return on equity of 14.83%.

Analyst Upgrades and Downgrades

VTOL has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, October 8th. Wall Street Zen raised shares of Bristow Group from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Bristow Group presently has a consensus rating of “Buy”.

Get Our Latest Research Report on VTOL

About Bristow Group

(Free Report)

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.

See Also

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