21,828 Shares in Bristow Group Inc. $VTOL Acquired by Summit Global Investments

Summit Global Investments acquired a new stake in Bristow Group Inc. (NYSE:VTOL) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 21,828 shares of the company’s stock, valued at approximately $1,024,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Bristow Group during the 2nd quarter worth $25,000. Clearstead Advisors LLC raised its position in shares of 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 buying an additional 1,001 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Bristow Group by 1,645.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after buying an additional 1,053 shares during the last quarter. Strs Ohio purchased a new position in shares of Bristow Group in the first quarter worth about $44,000. Finally, Wolverine Asset Management LLC lifted its stake in shares of Bristow Group by 121.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,824 shares of the company’s stock worth $67,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Bristow Group Stock Up 2.4%

Shares of VTOL opened at $45.20 on Wednesday. Bristow Group Inc. has a 52-week low of $32.76 and a 52-week high of $50.38. The company has a market capitalization of $1.34 billion, a PE ratio of 11.77 and a beta of 1.23. The stock has a fifty day simple moving average of $42.60 and a two-hundred day simple moving average of $44.07. 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 (NYSE:VTOL) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share 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 net margin of 7.51% and a return on equity of 11.10%. As a group, equities analysts forecast that Bristow Group Inc. will post 3.87 EPS for the current year.

Bristow Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. Bristow Group’s payout ratio is 13.02%.

Analysts Set New Price Targets

VTOL has been the subject of several research reports. Zacks Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Wall Street Zen lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Bristow Group 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.