Bristow Group Inc. $VTOL Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. cut its stake in shares of Bristow Group Inc. (NYSE:VTOL) by 23.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172,897 shares of the company’s stock after selling 54,165 shares during the quarter. Donald Smith & CO. Inc. owned 0.60% of Bristow Group worth $6,331,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Bristow Group in the second quarter valued at $25,000. Clearstead Advisors LLC lifted its holdings in Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock valued at $39,000 after acquiring an additional 1,001 shares during the period. Strs Ohio acquired a new stake in Bristow Group in the first quarter valued at $44,000. Wolverine Asset Management LLC lifted its holdings in Bristow Group by 121.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,824 shares of the company’s stock valued at $67,000 after acquiring an additional 1,000 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings 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 valued at $83,000 after acquiring an additional 1,876 shares during the period. 93.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VTOL shares. Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research downgraded Bristow Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Finally, Raymond James Financial started coverage on Bristow Group in a report on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 target price for the company. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $60.00.

Bristow Group Trading Down 0.2%

NYSE:VTOL opened at $42.75 on Thursday. The company has a market capitalization of $1.27 billion, a PE ratio of 11.13 and a beta of 1.22. The company has a quick ratio of 1.79, a current ratio of 2.15 and a debt-to-equity ratio of 0.69. Bristow Group Inc. has a 52-week low of $31.75 and a 52-week high of $50.38. The stock has a fifty day simple moving average of $45.29 and a 200-day simple moving average of $42.85.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.57). The firm had revenue of $388.71 million for the quarter, compared to analyst estimates of $383.68 million. Bristow Group had a return on equity of 11.10% and a net margin of 7.51%. On average, equities research analysts expect that Bristow Group Inc. will post 3.87 earnings per share for the current fiscal year.

Bristow Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 15th. Bristow Group’s payout ratio is 13.02%.

Insider Buying and Selling

In other Bristow Group news, Director Lorin L. Brass sold 1,000 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the sale, the director owned 17,455 shares in the company, valued at approximately $785,475. This represents a 5.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 13.40% of the company’s stock.

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.