Bristow Group (NYSE:VTOL) Director Sells $96,275.00 in Stock

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 2,500 shares of Bristow Group stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $38.51, for a total value of $96,275.00. Following the completion of the sale, the director owned 24,205 shares in the company, valued at approximately $932,134.55. This represents a 9.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Bristow Group Trading Up 0.5%

Shares of Bristow Group stock traded up $0.20 during midday trading on Tuesday, reaching $37.28. 148,344 shares of the company’s stock traded hands, compared to its average volume of 167,064. The stock has a 50 day moving average of $38.10 and a 200-day moving average of $35.40. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $42.89. The company has a market cap of $1.08 billion, a PE ratio of 9.30 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.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data 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 business had revenue of $386.29 million for the quarter, compared to the consensus estimate of $400.00 million.

Analyst Ratings Changes

VTOL has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bristow Group in a research report on Wednesday, October 8th. Wall Street Zen raised Bristow Group from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Institutional Trading of Bristow Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in Bristow Group by 38.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,159 shares of the company’s stock worth $131,000 after purchasing an additional 1,147 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Bristow Group by 23.9% during the first quarter. Voya Investment Management LLC now owns 55,523 shares of the company’s stock valued at $1,753,000 after buying an additional 10,720 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Bristow Group by 74.7% during the first quarter. Federated Hermes Inc. now owns 912 shares of the company’s stock valued at $29,000 after acquiring an additional 390 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Bristow Group by 26.7% in the 1st quarter. Public Sector Pension Investment Board now owns 78,099 shares of the company’s stock worth $2,466,000 after acquiring an additional 16,478 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Bristow Group by 72.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 19,335 shares of the company’s stock worth $637,000 after acquiring an additional 8,102 shares during the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

About Bristow Group

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.