Robert Manzo Sells 6,000 Shares of Bristow Group (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) Director Robert Manzo sold 6,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $38.75, for a total transaction of $232,500.00. Following the completion of the sale, the director directly owned 32,583 shares of the company’s stock, valued at $1,262,591.25. This trade represents a 15.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bristow Group Stock Performance

Shares of VTOL opened at $38.01 on Friday. The company has a market capitalization of $1.10 billion, a PE ratio of 9.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.44 and a current ratio of 1.81. The company’s 50 day moving average price is $38.09 and its 200 day moving average price is $35.20. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $42.89.

Bristow Group (NYSE:VTOL) last issued its earnings results on Wednesday, November 5th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.78. Bristow Group had a net margin of 8.24% and a return on equity of 12.86%. The company had revenue of $386.29 million during the quarter, compared to analyst estimates of $400.00 million.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VTOL. Wall Street Zen raised Bristow Group from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Institutional Trading of Bristow Group

Several large investors have recently made changes to their positions in VTOL. Teacher Retirement System of Texas bought a new position in shares of Bristow Group in the 1st quarter valued at approximately $355,000. Principal Financial Group Inc. grew its holdings in Bristow Group by 2.7% during the first quarter. Principal Financial Group Inc. now owns 122,592 shares of the company’s stock valued at $3,871,000 after purchasing an additional 3,213 shares during the last quarter. Readystate Asset Management LP bought a new position in shares of Bristow Group in the first quarter valued at approximately $522,000. Mackenzie Financial Corp raised its position in shares of Bristow Group by 18.7% in the first quarter. Mackenzie Financial Corp now owns 12,663 shares of the company’s stock valued at $400,000 after purchasing an additional 1,992 shares during the period. Finally, Graham Capital Wealth Management LLC lifted its stake in shares of Bristow Group by 14.3% in the first quarter. Graham Capital Wealth Management LLC now owns 98,979 shares of the company’s stock worth $3,126,000 after buying an additional 12,411 shares during the last quarter. 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.