Insider Selling: Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells 9,875 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 9,875 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $32.08, for a total transaction of $316,790.00. Following the completion of the sale, the insider now directly owns 3,166,821 shares in the company, valued at $101,591,617.68. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, March 12th, Alternative Asset Manage Solus sold 100 shares of Bristow Group stock. The stock was sold at an average price of $32.00, for a total transaction of $3,200.00.
• On Friday, March 7th, Alternative Asset Manage Solus sold 11,829 shares of Bristow Group stock. The stock was sold at an average price of $32.71, for a total transaction of $386,926.59.
• On Wednesday, March 5th, Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock. The stock was sold at an average price of $32.71, for a total transaction of $272,245.33.

Bristow Group Trading Down 2.3 %

Shares of Bristow Group stock traded down $0.73 on Friday, hitting $31.38. The stock had a trading volume of 308,802 shares, compared to its average volume of 121,086. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a one year low of $24.33 and a one year high of $41.50. The stock has a market cap of $898.50 million, a price-to-earnings ratio of 16.87 and a beta of 1.39. The stock’s 50-day simple moving average is $34.61 and its two-hundred day simple moving average is $35.14.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.46. The business had revenue of $353.53 million for the quarter, compared to analysts’ expectations of $367.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

Institutional Trading of Bristow Group

Large investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its holdings in Bristow Group by 795.5% in the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company’s stock valued at $27,000 after acquiring an additional 700 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Bristow Group in the fourth quarter valued at $34,000. Wolverine Asset Management LLC boosted its holdings in Bristow Group by 105.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock valued at $59,000 after acquiring an additional 34,400 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Bristow Group in the fourth quarter valued at $118,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Bristow Group during the 4th quarter valued at $142,000. Institutional investors own 93.29% of the company’s stock.

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.