Bristow Group (NYSE:VTOL) Director George Mark Mickelson Sells 10,000 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) Director George Mark Mickelson sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $38.40, for a total value of $384,000.00. Following the transaction, the director directly owned 60,265 shares in the company, valued at approximately $2,314,176. This represents a 14.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Bristow Group Price Performance

VTOL traded up $0.20 during midday trading on Tuesday, hitting $37.28. The stock had a trading volume of 148,344 shares, compared to its average volume of 167,064. Bristow Group Inc. has a 1 year low of $25.11 and a 1 year high of $42.89. 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 business has a fifty day moving average of $38.10 and a 200 day moving average of $35.40. The company has a market cap of $1.08 billion, a P/E ratio of 9.30 and a beta of 1.34.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.72 earnings per share for the quarter, topping 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 firm had revenue of $386.29 million during the quarter, compared to analyst estimates of $400.00 million.

Wall Street Analysts Forecast Growth

VTOL has been the topic of several analyst reports. Wall Street Zen upgraded Bristow Group from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Bristow Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in shares of Bristow Group in the 2nd quarter worth approximately $25,000. Federated Hermes Inc. lifted its stake in Bristow Group by 74.7% in the first quarter. Federated Hermes Inc. now owns 912 shares of the company’s stock worth $29,000 after acquiring an additional 390 shares during the period. Strs Ohio bought a new stake in Bristow Group in the first quarter valued at $44,000. CWM LLC raised its holdings in Bristow Group by 208.4% in the 2nd quarter. CWM LLC now owns 1,351 shares of the company’s stock worth $45,000 after purchasing an additional 913 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new stake in shares of Bristow Group in the 1st quarter worth about $73,000. 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.