Alternative Asset Manage Solus Sells 714 Shares of Bristow Group Inc. (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 714 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $38.02, for a total value of $27,146.28. Following the transaction, the insider now directly owns 3,276,203 shares of the company’s stock, valued at approximately $124,561,238.06. This represents a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, November 15th, Alternative Asset Manage Solus sold 45,000 shares of Bristow Group stock. The shares were sold at an average price of $36.20, for a total value of $1,629,000.00.
• On Monday, November 11th, Alternative Asset Manage Solus sold 2,739 shares of Bristow Group stock. The stock was sold at an average price of $38.01, for a total value of $104,109.39.
• On Thursday, November 7th, Alternative Asset Manage Solus sold 42,150 shares of Bristow Group stock. The stock was sold at an average price of $38.10, for a total transaction of $1,605,915.00.
• On Friday, August 30th, Alternative Asset Manage Solus sold 75,000 shares of Bristow Group stock. The stock was sold at an average price of $39.50, for a total transaction of $2,962,500.00.

Bristow Group Trading Down 0.4 %

Shares of VTOL stock opened at $36.61 on Friday. The company has a market cap of $1.05 billion, a P/E ratio of 19.68 and a beta of 1.31. Bristow Group Inc. has a fifty-two week low of $24.33 and a fifty-two week high of $41.50. The stock has a 50 day simple moving average of $35.06 and a two-hundred day simple moving average of $35.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.34. The company had revenue of $365.12 million during the quarter. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. During the same quarter in the prior year, the firm earned $0.41 EPS.

Hedge Funds Weigh In On Bristow Group

Institutional investors have recently made changes to their positions in the stock. First Eagle Investment Management LLC grew its stake in shares of Bristow Group by 73.5% in the 1st quarter. First Eagle Investment Management LLC now owns 84,144 shares of the company’s stock valued at $2,289,000 after buying an additional 35,644 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Bristow Group by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock worth $315,000 after acquiring an additional 620 shares in the last quarter. Empyrean Capital Partners LP grew its stake in Bristow Group by 9.0% in the second quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company’s stock valued at $37,554,000 after acquiring an additional 92,086 shares during the period. Clayton Partners LLC increased its holdings in shares of Bristow Group by 25.6% during the second quarter. Clayton Partners LLC now owns 434,923 shares of the company’s stock valued at $14,583,000 after acquiring an additional 88,742 shares in the last quarter. Finally, Bailard Inc. acquired a new position in shares of Bristow Group during the second quarter worth approximately $241,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark increased their price target on Bristow Group from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 8th.

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.