Bristow Group Inc. (NYSE:VTOL) Position Decreased by Taconic Capital Advisors LP

Taconic Capital Advisors LP decreased its position in Bristow Group Inc. (NYSE:VTOL) by 2.4% during the 3rd quarter, Holdings Channel reports. The fund owned 1,047,027 shares of the company’s stock after selling 25,932 shares during the quarter. Bristow Group comprises about 19.3% of Taconic Capital Advisors LP’s holdings, making the stock its biggest position. Taconic Capital Advisors LP’s holdings in Bristow Group were worth $36,321,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VTOL. nVerses Capital LLC purchased a new stake in shares of Bristow Group in the second quarter valued at about $64,000. Innealta Capital LLC acquired a new stake in shares of Bristow Group in the second quarter valued at about $74,000. Abner Herrman & Brock LLC acquired a new stake in shares of Bristow Group in the third quarter valued at about $201,000. Intech Investment Management LLC acquired a new stake in shares of Bristow Group in the third quarter valued at about $212,000. Finally, Quest Partners LLC lifted its stake in shares of Bristow Group by 32.7% in the third quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock valued at $213,000 after purchasing an additional 1,511 shares during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark raised their price objective on shares of Bristow Group from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, August 8th.

Insiders Place Their Bets

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 45,000 shares of Bristow Group stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $36.20, for a total transaction of $1,629,000.00. Following the completion of the transaction, the insider now owns 3,231,203 shares in the company, valued at approximately $116,969,548.60. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 94,858 shares of company stock worth $3,527,946. Insiders own 14.90% of the company’s stock.

Bristow Group Stock Up 1.0 %

Shares of NYSE VTOL opened at $37.94 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 52 week low of $24.33 and a 52 week high of $41.50. The firm has a 50-day moving average price of $35.61 and a 200 day moving average price of $35.57. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 20.40 and a beta of 1.31.

Bristow Group (NYSE:VTOL) last announced its earnings results on Tuesday, November 5th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.34. The company had revenue of $365.12 million during the quarter. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. During the same quarter in the previous year, the firm posted $0.41 EPS.

Bristow Group Profile

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.