Bristow Group Inc. (NYSE:VTOL) Major Shareholder Alternative Asset Manage Solus Sells 8,323 Shares

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.71, for a total value of $272,245.33. Following the transaction, the insider now owns 3,188,625 shares of the company’s stock, valued at $104,299,923.75. This represents a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, March 7th, Alternative Asset Manage Solus sold 11,829 shares of Bristow Group stock. The stock was sold at an average price of $32.71, for a total value of $386,926.59.

Bristow Group Trading Up 1.1 %

Shares of Bristow Group stock opened at $32.65 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. Bristow Group Inc. has a 1 year low of $24.33 and a 1 year high of $41.50. The company has a market capitalization of $934.69 million, a P/E ratio of 17.55 and a beta of 1.39. The business has a 50 day moving average price of $35.21 and a 200 day moving average price of $35.52.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.46. The company had revenue of $353.53 million during the quarter, compared to the consensus estimate of $367.00 million. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VTOL. Western Standard LLC raised its holdings in Bristow Group by 41.5% in the 4th quarter. Western Standard LLC now owns 563,318 shares of the company’s stock valued at $19,322,000 after acquiring an additional 165,318 shares during the last quarter. American Century Companies Inc. raised its holdings in Bristow Group by 22.4% in the 4th quarter. American Century Companies Inc. now owns 578,940 shares of the company’s stock valued at $19,858,000 after acquiring an additional 105,834 shares during the last quarter. Graham Capital Wealth Management LLC acquired a new position in Bristow Group in the 4th quarter valued at $2,969,000. JPMorgan Chase & Co. raised its holdings in Bristow Group by 115.6% in the 4th quarter. JPMorgan Chase & Co. now owns 157,978 shares of the company’s stock valued at $5,419,000 after acquiring an additional 84,721 shares during the last quarter. Finally, Hartree Partners LP acquired a new position in Bristow Group in the 4th quarter valued at $2,550,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

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.