Comerica Bank decreased its position in Bristow Group Inc. (NYSE:VTOL – Get Rating) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,796 shares of the company’s stock after selling 625 shares during the quarter. Comerica Bank’s holdings in Bristow Group were worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Bristow Group by 0.6% in the 1st quarter. BlackRock Inc. now owns 3,745,175 shares of the company’s stock worth $138,871,000 after acquiring an additional 22,633 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Bristow Group by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 1,492,671 shares of the company’s stock valued at $55,348,000 after purchasing an additional 33,936 shares during the last quarter. State Street Corp increased its position in shares of Bristow Group by 9.6% during the 1st quarter. State Street Corp now owns 841,001 shares of the company’s stock valued at $31,184,000 after purchasing an additional 73,669 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Bristow Group by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 484,564 shares of the company’s stock valued at $17,968,000 after purchasing an additional 47,046 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Bristow Group by 8.7% during the 1st quarter. Bank of America Corp DE now owns 220,354 shares of the company’s stock valued at $8,172,000 after purchasing an additional 17,544 shares during the last quarter. Institutional investors own 97.04% of the company’s stock.
Insider Activity at Bristow Group
In related news, Director Brian D. Truelove sold 2,000 shares of the business’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $27.64, for a total transaction of $55,280.00. Following the completion of the transaction, the director now owns 26,120 shares in the company, valued at approximately $721,956.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.70% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Bristow Group Stock Performance
NYSE VTOL opened at $26.81 on Monday. The company has a market cap of $751.11 million, a P/E ratio of 47.04 and a beta of 1.44. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.48 and a current ratio of 1.78. The business’s 50 day moving average price is $26.86 and its 200-day moving average price is $26.96. Bristow Group Inc. has a fifty-two week low of $21.61 and a fifty-two week high of $40.10.
Bristow Group (NYSE:VTOL – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.28 earnings per share (EPS) for the quarter. Bristow Group had a return on equity of 2.50% and a net margin of 1.35%. The company had revenue of $301.74 million during the quarter.
About Bristow Group
Bristow Group Inc provides aviation services to integrated, national, and independent offshore energy companies in the United States. It also offers commercial search and rescue services; and other helicopter and fixed wing transportation services. As of March 31, 2022, the company had a fleet of 229 aircrafts, of which 213 were helicopters.
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