Insider Selling: Bristow Group (NYSE:VTOL) Insider Sells 1,800 Shares of Company Stock

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 1,800 shares of Bristow Group stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $41.45, for a total transaction of $74,610.00. Following the completion of the transaction, the insider directly owned 2,771,836 shares in the company, valued at approximately $114,892,602.20. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 shares were sold at an average price of $40.38, for a total transaction of $201,900.00.
• On Wednesday, November 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were sold at an average price of $41.02, for a total transaction of $205,100.00.
• On Tuesday, November 10th, Alternative Asset Manage Solus sold 61,800 shares of Bristow Group stock. The stock was sold at an average price of $40.37, for a total transaction of $2,494,866.00.
• On Wednesday, September 23rd, Alternative Asset Manage Solus sold 897 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total transaction 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 transaction of $16,211.00.
• On Monday, September 14th, Alternative Asset Manage Solus sold 3,000 shares of Bristow Group stock. The shares were sold at an average price of $43.03, for a total transaction of $129,090.00.
• On Friday, September 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were 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 shares were 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 value of $550,215.60.
• On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The stock was sold at an average price of $45.85, for a total value of $687,750.00.

Bristow Group Stock Down 0.8%

Shares of Bristow Group stock traded down $0.31 during midday trading on Friday, hitting $40.38. The company’s stock had a trading volume of 302,876 shares, compared to its average volume of 234,800. The firm has a market capitalization of $1.18 billion, a P/E ratio of 15.07 and a beta of 1.22. The stock has a 50-day simple moving average of $40.84 and a 200-day simple moving average of $43.87. The company has a quick ratio of 1.57, a current ratio of 1.99 and a debt-to-equity ratio of 0.65. Bristow Group Inc. has a 1-year low of $35.65 and a 1-year high of $50.38.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.22). The business had revenue of $437.92 million for the quarter, compared to analyst estimates of $443.25 million. Bristow Group had a net margin of 4.98% and a return on equity of 7.47%. As a group, sell-side analysts expect that Bristow Group Inc. will post 2.94 earnings per share for the current year.

Bristow Group Dividend Announcement

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

Institutional Trading of Bristow Group

Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in Bristow Group by 8.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,509 shares of the company’s stock worth $211,000 after acquiring an additional 340 shares in the last quarter. Allworth Financial LP increased its stake in shares of Bristow Group by 128.3% during the 2nd quarter. Allworth Financial LP now owns 1,032 shares of the company’s stock worth $43,000 after purchasing an additional 580 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Bristow Group by 56.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,782 shares of the company’s stock valued at $73,000 after purchasing an additional 642 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Bristow Group during the 2nd quarter valued at $27,000. Finally, Nykredit A S bought a new position in shares of Bristow Group during the 2nd quarter valued at $27,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.