Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells $1,605,915.00 in Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 42,150 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $38.10, for a total transaction of $1,605,915.00. Following the completion of the transaction, the insider now directly owns 3,306,855 shares of the company’s stock, valued at $125,991,175.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large 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 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 %

NYSE:VTOL opened at $37.80 on Wednesday. The firm has a 50 day moving average of $35.10 and a 200 day moving average of $34.87. 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 Inc. has a 52 week low of $24.33 and a 52 week high of $41.50. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 20.32 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Bristow Group

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Bristow Group by 0.4% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bristow Group by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,492,128 shares of the company’s stock worth $50,031,000 after buying an additional 87,969 shares during the last quarter. Empyrean Capital Partners LP lifted its stake in shares of Bristow Group by 9.0% during the second quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company’s stock worth $37,554,000 after buying an additional 92,086 shares during the period. Clayton Partners LLC grew its holdings in shares of Bristow Group by 25.6% during the second quarter. Clayton Partners LLC now owns 434,923 shares of the company’s stock valued at $14,583,000 after buying an additional 88,742 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of 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 acquiring an additional 45,738 shares during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.

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.