Graham Capital Wealth Management LLC Acquires New Stake in Bristow Group Inc. (NYSE:VTOL)

Graham Capital Wealth Management LLC purchased a new stake in shares of Bristow Group Inc. (NYSE:VTOL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 86,568 shares of the company’s stock, valued at approximately $2,969,000. Bristow Group comprises about 2.7% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 13th biggest holding.

Other institutional investors have also bought and sold shares of the company. Abner Herrman & Brock LLC bought a new stake in Bristow Group during the third quarter valued at $201,000. Intech Investment Management LLC bought a new stake in Bristow Group during the third quarter valued at $212,000. Quest Partners LLC boosted its position in Bristow Group by 32.7% during the third quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock valued at $213,000 after acquiring an additional 1,511 shares during the last quarter. ClearAlpha Technologies LP bought a new stake in Bristow Group during the third quarter valued at $250,000. Finally, SG Americas Securities LLC bought a new stake in Bristow Group during the third quarter valued at $284,000. Institutional investors own 93.29% of the company’s stock.

Bristow Group Stock Performance

Shares of VTOL opened at $33.32 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $953.95 million, a P/E ratio of 17.91 and a beta of 1.35. The firm’s fifty day simple moving average is $35.23 and its two-hundred day simple moving average is $35.78. Bristow Group Inc. has a 12 month low of $24.33 and a 12 month high of $41.50.

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

Insider Transactions at Bristow Group

In other news, major shareholder Alternative Asset Manage Solus sold 2,739 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $38.01, for a total transaction of $104,109.39. Following the transaction, the insider now owns 3,303,356 shares of the company’s stock, valued at $125,560,561.56. This represents a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 94,858 shares of company stock valued at $3,527,946 in the last 90 days. 14.90% of the stock is currently owned by corporate insiders.

Bristow Group Company 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.