Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells $161,775.10 in Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 4,255 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $38.02, for a total transaction of $161,775.10. Following the sale, the insider now owns 3,226,948 shares of the company’s stock, valued at $122,688,562.96. The trade was a 0.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 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 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 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 shares were 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 shares were sold at an average price of $39.50, for a total transaction of $2,962,500.00.

Bristow Group Trading Down 1.0 %

NYSE VTOL opened at $37.57 on Wednesday. Bristow Group Inc. has a one year low of $24.33 and a one year high of $41.50. 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 firm has a market cap of $1.08 billion, a P/E ratio of 20.20 and a beta of 1.31. The stock’s 50-day moving average is $35.53 and its 200-day moving average is $35.53.

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

Institutional Investors Weigh In On Bristow Group

Several institutional investors have recently added to or reduced their stakes in VTOL. nVerses Capital LLC bought a new position in Bristow Group during the 2nd quarter worth about $64,000. Innealta Capital LLC acquired a new position in shares of Bristow Group during the second quarter worth about $74,000. Abner Herrman & Brock LLC bought a new position in shares of Bristow Group during the third quarter worth about $201,000. Intech Investment Management LLC acquired a new stake in Bristow Group in the 3rd quarter valued at approximately $212,000. Finally, Quest Partners LLC lifted its stake in Bristow Group by 32.7% in the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock valued at $213,000 after acquiring an additional 1,511 shares in the last quarter. 93.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.