Alternative Asset Manage Solus Sells 4,255 Shares of Bristow Group Inc. (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 4,255 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $38.02, for a total transaction of $161,775.10. Following the completion of the transaction, the insider now directly owns 3,226,948 shares of the company’s stock, valued at $122,688,562.96. This trade represents a 0.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% 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, November 15th, Alternative Asset Manage Solus sold 45,000 shares of Bristow Group stock. The stock was sold at an average price of $36.20, for a total value of $1,629,000.00.
• On Wednesday, November 13th, Alternative Asset Manage Solus sold 714 shares of Bristow Group stock. The shares were sold at an average price of $38.02, for a total value of $27,146.28.
• 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 shares were 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 1.0 %

VTOL stock opened at $37.57 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 20.20 and a beta of 1.31. The business has a fifty day moving average price of $35.53 and a 200 day moving average price of $35.53. Bristow Group Inc. has a fifty-two week low of $24.33 and a fifty-two week high of $41.50.

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

Wall Street Analyst Weigh In

Separately, Benchmark upped their price objective on shares of Bristow Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th.

Institutional Trading of Bristow Group

Several hedge funds have recently modified their holdings of VTOL. The Manufacturers Life Insurance Company raised its position in Bristow Group by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock worth $315,000 after purchasing an additional 620 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Bristow Group by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock worth $8,223,000 after acquiring an additional 674 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Bristow Group by 1.0% during the second quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock valued at $2,611,000 after acquiring an additional 795 shares during the period. New York State Teachers Retirement System boosted its holdings in Bristow Group by 5.7% in the third quarter. New York State Teachers Retirement System now owns 16,683 shares of the company’s stock valued at $579,000 after acquiring an additional 900 shares during the last quarter. Finally, Atom Investors LP increased its position in Bristow Group by 1.5% in the third quarter. Atom Investors LP now owns 92,536 shares of the company’s stock worth $3,210,000 after purchasing an additional 1,363 shares during the period. 93.29% of the stock is owned by institutional investors.

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.