Bristow Group (NYSE:VTOL) Insider Sells $38,571.00 in Stock

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 897 shares of the stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $43.00, for a total value of $38,571.00. Following the completion of the sale, the insider directly owned 2,840,436 shares of the company’s stock, valued at $122,138,748. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, September 22nd, Alternative Asset Manage Solus sold 377 shares of Bristow Group stock. The shares were sold at an average price of $43.00, for a total value of $16,211.00.
• On Monday, September 14th, Alternative Asset Manage Solus sold 3,000 shares of Bristow Group stock. The stock was sold at an average price of $43.03, for a total transaction of $129,090.00.
• On Friday, September 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00.
• 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 transaction of $1,875.75.
• On Wednesday, September 2nd, Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock. The shares were sold at an average price of $45.68, for a total transaction of $550,215.60.
• On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The shares were sold at an average price of $45.85, for a total transaction of $687,750.00.

Bristow Group Stock Up 0.8%

Bristow Group stock opened at $42.62 on Friday. Bristow Group Inc. has a fifty-two week low of $35.03 and a fifty-two week high of $50.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26. The firm’s 50-day simple moving average is $44.58 and its 200 day simple moving average is $44.48. The stock has a market cap of $1.26 billion, a PE ratio of 12.28 and a beta of 1.19.

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

Bristow Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.1250 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. Bristow Group’s dividend payout ratio is currently 14.41%.

Institutional Trading of Bristow Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of Bristow Group by 8.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,509 shares of the company’s stock worth $211,000 after buying an additional 340 shares in the last quarter. Allworth Financial LP lifted its position in Bristow Group by 128.3% during the second quarter. Allworth Financial LP now owns 1,032 shares of the company’s stock valued at $43,000 after purchasing an additional 580 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Bristow Group in the 2nd quarter worth approximately $27,000. Nykredit A S bought a new position in Bristow Group in the second quarter valued at $27,000. Finally, Engineers Gate Manager LP raised its position in Bristow Group by 17.4% during the second quarter. Engineers Gate Manager LP now owns 6,160 shares of the company’s stock valued at $255,000 after purchasing an additional 914 shares in the last quarter. Institutional investors own 93.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VTOL shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Zacks Research upgraded Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Bristow Group Company Profile

Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.

Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.