Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells $1,629,000.00 in Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 45,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $36.20, for a total value of $1,629,000.00. Following the transaction, the insider now owns 3,231,203 shares of the company’s stock, valued at approximately $116,969,548.60. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, November 13th, Alternative Asset Manage Solus sold 714 shares of Bristow Group stock. The stock was 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 stock was sold at an average price of $38.10, for a total value 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 value of $2,962,500.00.

Bristow Group Trading Down 0.4 %

NYSE:VTOL opened at $36.61 on Friday. Bristow Group Inc. has a 1 year low of $24.33 and a 1 year high of $41.50. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 19.68 and a beta of 1.31. The business has a fifty day moving average of $35.06 and a 200-day 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 results on Tuesday, November 5th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.34. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The company had revenue of $365.12 million during the quarter. During the same period in the previous year, the company posted $0.41 EPS.

Analyst Upgrades and Downgrades

Separately, Benchmark increased their price target on 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 institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Bristow Group by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock valued at $315,000 after buying an additional 620 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bristow Group by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock valued at $8,223,000 after buying an additional 674 shares during the period. Rhumbline Advisers lifted its holdings in shares of Bristow Group by 1.0% in the second quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock valued at $2,611,000 after buying an additional 795 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of 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 buying an additional 900 shares during the period. Finally, Atom Investors LP lifted its holdings in shares of Bristow Group by 1.5% in the third quarter. Atom Investors LP now owns 92,536 shares of the company’s stock valued at $3,210,000 after buying an additional 1,363 shares during the period. Institutional investors and hedge funds own 93.29% of the company’s stock.

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.