Bristow Group (NYSE:VTOL) Director Maryanne Miller Sells 2,200 Shares

Bristow Group Inc. (NYSE:VTOL) Director Maryanne Miller sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $44.90, for a total transaction of $98,780.00. Following the transaction, the director directly owned 20,252 shares in the company, valued at approximately $909,314.80. The trade was a 9.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Bristow Group Price Performance

Shares of Bristow Group stock traded down $0.25 on Friday, hitting $44.31. The company had a trading volume of 42,977 shares, compared to its average volume of 205,682. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $49.55. The company has a market cap of $1.29 billion, a PE ratio of 10.26 and a beta of 1.35. The business has a 50-day simple moving average of $42.80 and a 200-day simple moving average of $39.46. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.54.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.15. Bristow Group had a return on equity of 12.87% and a net margin of 8.66%.The business had revenue of $377.26 million during the quarter, compared to analyst estimates of $380.33 million.

Bristow Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, March 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.1%.

Hedge Funds Weigh In On Bristow Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fearnley Asset Management AS bought a new stake in Bristow Group in the fourth quarter valued at about $16,942,000. State of Tennessee Department of Treasury grew its holdings in Bristow Group by 30.3% during the fourth quarter. State of Tennessee Department of Treasury now owns 17,178 shares of the company’s stock valued at $629,000 after purchasing an additional 3,990 shares during the period. Empowered Funds LLC increased its stake in Bristow Group by 4.0% in the fourth quarter. Empowered Funds LLC now owns 139,922 shares of the company’s stock valued at $5,124,000 after purchasing an additional 5,433 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Bristow Group in the fourth quarter worth about $800,000. Finally, VARCOV Co. acquired a new position in shares of Bristow Group in the fourth quarter valued at approximately $291,000. 93.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wall Street Zen lowered Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Zacks Research raised Bristow Group to a “hold” rating in a research note on Thursday, February 19th. JonesTrading started coverage on shares of Bristow Group in a research note on Friday, January 23rd. They issued a “buy” rating for the company. Raymond James Financial initiated coverage on shares of Bristow Group in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Bristow Group Company Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.