Bristow Group (NYSE:VTOL) Insider Alternative Asset Manage Solus Sells 3,000 Shares

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 3,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $43.03, for a total transaction of $129,090.00. Following the completion of the sale, the insider owned 2,841,710 shares of the company’s stock, valued at approximately $122,278,781.30. The trade was a 0.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, September 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were sold at an average price of $43.00, for a total transaction of $215,000.00.
• On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The stock was sold at an average price of $45.75, for a total transaction of $1,875.75.
• On Wednesday, September 2nd, Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock. The stock was sold at an average price of $45.68, for a total value of $550,215.60.
• On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The shares were sold at an average price of $45.85, for a total value of $687,750.00.

Bristow Group Stock Performance

Shares of NYSE VTOL opened at $42.21 on Wednesday. The business’s 50-day moving average price is $44.84 and its two-hundred day moving average price is $44.68. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. Bristow Group Inc. has a one year low of $35.03 and a one year high of $50.38. The company has a market capitalization of $1.25 billion, a P/E ratio of 12.17 and a beta of 1.19.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). The firm had revenue of $411.75 million for the quarter, compared to analysts’ expectations of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. Analysts anticipate that Bristow Group Inc. will post 3.31 earnings per share for the current fiscal year.

Bristow Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.125 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. Bristow Group’s dividend payout ratio is currently 14.41%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Zacks Research upgraded shares of Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bristow Group currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Institutional Trading of Bristow Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VTOL. Engineers Gate Manager LP increased its position in Bristow Group by 17.4% in the 2nd quarter. Engineers Gate Manager LP now owns 6,160 shares of the company’s stock worth $255,000 after buying an additional 914 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Bristow Group during the second quarter worth approximately $42,000. Squarepoint Ops LLC boosted its position in shares of Bristow Group by 10.6% in the second quarter. Squarepoint Ops LLC now owns 57,920 shares of the company’s stock valued at $2,393,000 after acquiring an additional 5,533 shares during the period. Allworth Financial LP boosted its position in shares of Bristow Group by 128.3% in the second quarter. Allworth Financial LP now owns 1,032 shares of the company’s stock valued at $43,000 after acquiring an additional 580 shares during the period. Finally, Nykredit A S acquired a new stake in shares of Bristow Group in the second quarter worth $27,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Company Profile

Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.

Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.