Bristow Group (NYSE:VTOL) Insider Sells $129,090.00 in Stock

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 3,000 shares of Bristow Group stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $43.03, for a total transaction of $129,090.00. Following the transaction, the insider directly owned 2,841,710 shares in the company, valued at $122,278,781.30. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 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 stock was 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 Up 0.4%

Shares of NYSE:VTOL opened at $41.48 on Friday. The business has a 50-day moving average price of $44.76 and a 200 day moving average price of $44.59. The company has a current ratio of 2.26, a quick ratio of 1.85 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 11.95 and a beta of 1.19. Bristow Group Inc. has a 12-month low of $35.03 and a 12-month high of $50.38.

Bristow Group (NYSE:VTOL) last posted its earnings results on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). The company had revenue of $411.75 million during the quarter, compared to analyst estimates of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. Sell-side analysts expect that Bristow Group Inc. will post 3.31 EPS for the current year.

Bristow Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 14th. Bristow Group’s dividend payout ratio (DPR) is currently 14.41%.

Hedge Funds Weigh In On Bristow Group

Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in Bristow Group in the 2nd quarter valued at about $27,000. Nykredit A S purchased a new position in shares of Bristow Group in the 2nd quarter valued at about $27,000. Clearstead Advisors LLC grew its position in shares of Bristow Group by 1,450.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after buying an additional 1,001 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Bristow Group during the second quarter worth about $42,000. Finally, Allworth Financial LP purchased a new stake in shares of Bristow Group during the second quarter worth approximately $43,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VTOL shares. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Bristow Group Company Profile

Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.

Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.