Bristow Group (NYSE:VTOL) COO Stuart Stavley Sells 24,908 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) COO Stuart Stavley sold 24,908 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $47.02, for a total transaction of $1,171,174.16. Following the completion of the sale, the chief operating officer owned 85,790 shares in the company, valued at $4,033,845.80. The trade was a 22.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Bristow Group Stock Performance

Shares of VTOL stock opened at $47.64 on Friday. The company has a market cap of $1.38 billion, a P/E ratio of 11.03 and a beta of 1.38. The firm has a fifty day moving average price of $42.08 and a 200 day moving average price of $39.25. The company has a current ratio of 1.91, a quick ratio of 1.53 and a debt-to-equity ratio of 0.63. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $49.55.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.15. The company had revenue of $377.26 million during the quarter, compared to the consensus estimate of $380.33 million. Bristow Group had a return on equity of 13.12% and a net margin of 8.66%.

Bristow Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 13th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On Bristow Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Bristow Group in the 2nd quarter worth $25,000. Clearstead Advisors LLC raised its holdings 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 purchasing an additional 1,001 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Bristow Group by 1,645.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after purchasing an additional 1,053 shares during the period. Strs Ohio acquired a new stake in Bristow Group in the first quarter valued at about $44,000. Finally, CWM LLC increased its position in Bristow Group by 208.4% during the 2nd quarter. CWM LLC now owns 1,351 shares of the company’s stock worth $45,000 after purchasing an additional 913 shares during the period. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VTOL shares. JonesTrading began coverage on shares of Bristow Group in a research report on Friday, January 23rd. They set a “buy” rating for the company. Zacks Research upgraded shares of Bristow Group to a “hold” rating in a research note on Thursday, February 19th. Raymond James Financial began coverage on shares of Bristow Group in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 price objective for the company. Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, January 21st. 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.com, Bristow Group currently has an average rating of “Moderate Buy” and an average price target of $60.00.

About Bristow Group

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.