Bristow Group Inc. (NYSE:VTOL) Major Shareholder Alternative Asset Manage Solus Sells 42,150 Shares

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 42,150 shares of Bristow Group stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $38.10, for a total value of $1,605,915.00. Following the sale, the insider now owns 3,306,855 shares of the company’s stock, valued at approximately $125,991,175.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Alternative Asset Manage Solus also recently made the following trade(s):

• On Monday, November 11th, Alternative Asset Manage Solus sold 2,739 shares of Bristow Group stock. The shares were sold at an average price of $38.01, for a total value of $104,109.39.
• On Friday, August 30th, Alternative Asset Manage Solus sold 75,000 shares of Bristow Group stock. The stock was sold at an average price of $39.50, for a total value of $2,962,500.00.

Bristow Group Trading Down 0.2 %

VTOL stock traded down $0.06 during trading on Tuesday, hitting $37.80. The company had a trading volume of 148,506 shares, compared to its average volume of 121,215. The firm has a 50-day moving average price of $35.10 and a 200-day moving average price of $34.87. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 20.35 and a beta of 1.31. Bristow Group Inc. has a 12 month low of $24.33 and a 12 month high of $41.50. The company has a quick ratio of 1.53, a current ratio of 1.83 and a debt-to-equity ratio of 0.68.

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. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The firm had revenue of $365.12 million for the quarter. During the same quarter in the previous year, the company earned $0.41 EPS.

Analyst Upgrades and Downgrades

Separately, Benchmark upped their target price on Bristow Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th.

Institutional Investors Weigh In On Bristow Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Bristow Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,698,384 shares of the company’s stock worth $46,196,000 after purchasing an additional 6,152 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Bristow Group by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,492,128 shares of the company’s stock valued at $50,031,000 after acquiring an additional 87,969 shares during the period. Empyrean Capital Partners LP lifted its holdings in Bristow Group by 9.0% in the 2nd quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company’s stock valued at $37,554,000 after purchasing an additional 92,086 shares in the last quarter. Clayton Partners LLC raised its holdings in shares of Bristow Group by 25.6% during the 2nd quarter. Clayton Partners LLC now owns 434,923 shares of the company’s stock worth $14,583,000 after acquiring an additional 88,742 shares during the period. Finally, American Century Companies Inc. raised its holdings in Bristow Group by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 321,157 shares of the company’s stock valued at $10,768,000 after buying an additional 45,738 shares during the period. 93.29% of the stock is owned by hedge funds and other institutional investors.

About Bristow Group

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.