Bristow Group (NYSE:VTOL) Insider Alternative Asset Manage Solus Sells 5,000 Shares of Company Stock

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $41.02, for a total value of $205,100.00. Following the transaction, the insider owned 2,773,636 shares in the company, valued at approximately $113,774,548.72. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, November 13th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The stock was sold at an average price of $40.38, for a total value of $201,900.00.
• On Thursday, November 12th, Alternative Asset Manage Solus sold 1,800 shares of Bristow Group stock. The shares were sold at an average price of $41.45, for a total value of $74,610.00.
• On Tuesday, November 10th, Alternative Asset Manage Solus sold 61,800 shares of Bristow Group stock. The shares were sold at an average price of $40.37, for a total value of $2,494,866.00.
• On Wednesday, September 23rd, Alternative Asset Manage Solus sold 897 shares of Bristow Group stock. The shares were sold at an average price of $43.00, for a total value of $38,571.00.
• On Tuesday, September 22nd, Alternative Asset Manage Solus sold 377 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total value of $16,211.00.
• On Monday, September 14th, Alternative Asset Manage Solus sold 3,000 shares of Bristow Group stock. The stock was sold at an average price of $43.03, for a total value of $129,090.00.
• On Friday, September 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The stock was 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 shares were sold at an average price of $45.68, for a total transaction 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 transaction of $687,750.00.

Bristow Group Price Performance

Shares of NYSE:VTOL traded down $0.31 during trading hours on Friday, hitting $40.38. 302,876 shares of the company’s stock traded hands, compared to its average volume of 234,800. The company’s fifty day simple moving average is $40.84 and its two-hundred day simple moving average is $43.87. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 15.07 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.57 and a current ratio of 1.99. Bristow Group Inc. has a 52 week low of $35.65 and a 52 week high of $50.38.

Bristow Group (NYSE:VTOL) last released its earnings results on Tuesday, November 3rd. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.22). Bristow Group had a return on equity of 7.47% and a net margin of 4.98%. The business had revenue of $437.92 million during the quarter, compared to the consensus estimate of $443.25 million. As a group, equities analysts anticipate that Bristow Group Inc. will post 2.94 EPS for the current fiscal year.

Bristow Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be given a $0.1250 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.50 annualized dividend and a yield of 1.2%. Bristow Group’s payout ratio is 18.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Zacks Research downgraded Bristow Group from a “hold” rating to a “strong sell” rating in a research report on Friday, November 6th. Weiss Ratings lowered Bristow Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Raymond James Financial restated an “outperform” rating and issued a $63.00 target price on shares of Bristow Group in a report on Thursday, November 5th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.00.

Institutional Trading of Bristow Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC lifted its stake in Bristow Group by 2.5% during the third quarter. Empowered Funds LLC now owns 155,996 shares of the company’s stock valued at $6,352,000 after buying an additional 3,780 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Bristow Group by 87.8% in the third quarter. First Trust Advisors LP now owns 1,307,747 shares of the company’s stock worth $53,251,000 after buying an additional 611,457 shares during the period. Ieq Capital LLC boosted its holdings in shares of Bristow Group by 37.4% in the third quarter. Ieq Capital LLC now owns 37,155 shares of the company’s stock worth $1,513,000 after buying an additional 10,115 shares during the period. Boston Partners increased its position in shares of Bristow Group by 25.3% in the third quarter. Boston Partners now owns 532,109 shares of the company’s stock worth $21,634,000 after acquiring an additional 107,507 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of Bristow Group in the third quarter worth approximately $84,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Company Profile

Bristow Group, Inc. provides helicopter and other aviation services, primarily supporting offshore energy operations and government customers. Its services include transporting personnel and supplies to offshore installations, as well as search-and-rescue operations and related aviation support. The company serves customers across several regions, including the Americas, Europe, Africa and Australia. Its operations include contracted search-and-rescue services in parts of Europe and the United Kingdom, alongside aviation services for the energy industry.