Assenagon Asset Management S.A. Buys Shares of 30,692 Bristow Group Inc. $VTOL

Assenagon Asset Management S.A. purchased a new position in Bristow Group Inc. (NYSE:VTOL) in the first quarter, HoldingsChannel reports. The institutional investor purchased 30,692 shares of the company’s stock, valued at approximately $1,439,000.

A number of other institutional investors have also recently made changes to their positions in VTOL. Fearnley Asset Management AS purchased a new stake in Bristow Group during the fourth quarter valued at about $16,942,000. State of Tennessee Department of Treasury increased its position in shares of Bristow Group by 30.3% during the 4th quarter. State of Tennessee Department of Treasury now owns 17,178 shares of the company’s stock valued at $629,000 after purchasing an additional 3,990 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Bristow Group by 4.0% during the 4th quarter. Empowered Funds LLC now owns 139,922 shares of the company’s stock valued at $5,124,000 after buying an additional 5,433 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Bristow Group during the 4th quarter valued at about $800,000. Finally, VARCOV Co. bought a new stake in Bristow Group in the 4th quarter worth approximately $291,000. Institutional investors own 93.29% of the company’s stock.

Bristow Group Price Performance

Shares of Bristow Group stock opened at $40.59 on Thursday. The firm has a market cap of $1.20 billion, a PE ratio of 10.57 and a beta of 1.23. Bristow Group Inc. has a 12-month low of $32.76 and a 12-month high of $50.38. The company has a quick ratio of 1.79, a current ratio of 2.15 and a debt-to-equity ratio of 0.69. The company’s fifty day simple moving average is $43.43 and its two-hundred day simple moving average is $43.40.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 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 the consensus estimate of $383.68 million. Bristow Group had a net margin of 7.51% and a return on equity of 11.10%. As a group, equities analysts expect that Bristow Group Inc. will post 3.87 EPS for the current year.

Bristow Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen lowered Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Finally, Zacks Research lowered shares of Bristow Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

About Bristow Group

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.