Bristow Group (NYSE:VTOL) Insider Alternative Asset Manage Solus Sells 15,000 Shares

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $45.85, for a total value of $687,750.00. Following the completion of the transaction, the insider directly owned 2,861,796 shares of the company’s stock, valued at approximately $131,213,346.60. The trade was a 0.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The shares were sold at an average price of $45.75, for a total value of $1,875.75.
• On Wednesday, September 2nd, Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock. The stock was sold at an average price of $45.68, for a total value of $550,215.60.

Bristow Group Stock Performance

Bristow Group stock opened at $43.80 on Friday. The business has a 50 day moving average of $44.63 and a 200-day moving average of $44.86. Bristow Group Inc. has a 1 year low of $35.03 and a 1 year high of $50.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. The company has a market capitalization of $1.30 billion, a P/E ratio of 12.62 and a beta of 1.19.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. The business had revenue of $411.75 million during the quarter, compared to the consensus estimate of $407.28 million. On average, equities research analysts predict that Bristow Group Inc. will post 3.31 earnings per share for the current year.

Bristow Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 14th. Bristow Group’s payout ratio is 14.41%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VTOL. Public Employees Retirement System of Ohio acquired a new position in shares of Bristow Group in the 2nd quarter worth approximately $27,000. Nykredit A S acquired a new stake in shares of Bristow Group during the second quarter worth $27,000. Raymond James Financial Inc. acquired a new stake in shares of Bristow Group during the second quarter worth $25,000. Allworth Financial LP bought a new position in Bristow Group during the second quarter worth $43,000. Finally, Clearstead Advisors LLC raised its stake in Bristow Group by 1,450.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after buying an additional 1,001 shares during the last quarter. Institutional investors own 93.29% of the company’s stock.

Bristow Group Company Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.