Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells $27,146.28 in Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 714 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $38.02, for a total transaction of $27,146.28. Following the sale, the insider now owns 3,276,203 shares of the company’s stock, valued at approximately $124,561,238.06. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, November 15th, Alternative Asset Manage Solus sold 45,000 shares of Bristow Group stock. The shares were sold at an average price of $36.20, for a total transaction of $1,629,000.00.
• On Monday, November 11th, Alternative Asset Manage Solus sold 2,739 shares of Bristow Group stock. The stock was sold at an average price of $38.01, for a total transaction of $104,109.39.
• On Thursday, November 7th, Alternative Asset Manage Solus sold 42,150 shares of Bristow Group stock. The stock was sold at an average price of $38.10, for a total transaction of $1,605,915.00.
• On Friday, August 30th, Alternative Asset Manage Solus sold 75,000 shares of Bristow Group stock. The shares were sold at an average price of $39.50, for a total transaction of $2,962,500.00.

Bristow Group Stock Down 0.4 %

Shares of Bristow Group stock traded down $0.15 on Friday, hitting $36.61. The company had a trading volume of 151,478 shares, compared to its average volume of 121,346. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. The stock has a 50-day moving average of $35.05 and a 200-day moving average of $34.97. The firm has a market capitalization of $1.05 billion, a P/E ratio of 19.68 and a beta of 1.31.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.95 EPS for the quarter, beating 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 company had revenue of $365.12 million during the quarter. During the same period last year, the business earned $0.41 EPS.

Wall Street Analysts Forecast Growth

Separately, Benchmark upped their price target on shares of 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

Hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its holdings in shares of Bristow Group by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock worth $315,000 after purchasing an additional 620 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Bristow Group by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock valued at $8,223,000 after acquiring an additional 674 shares during the last quarter. Rhumbline Advisers increased its stake in Bristow Group by 1.0% in the second quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock valued at $2,611,000 after acquiring an additional 795 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of Bristow Group by 5.7% during the third quarter. New York State Teachers Retirement System now owns 16,683 shares of the company’s stock worth $579,000 after buying an additional 900 shares during the last quarter. Finally, Atom Investors LP grew its stake in shares of Bristow Group by 1.5% during the third quarter. Atom Investors LP now owns 92,536 shares of the company’s stock worth $3,210,000 after buying an additional 1,363 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

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.