Bristow Group (NYSE:VTOL) Insider Sells $2,494,866.00 in Stock

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 61,800 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $40.37, for a total transaction of $2,494,866.00. Following the completion of the transaction, the insider directly owned 2,778,636 shares in the company, valued at $112,173,535.32. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 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 stock was sold at an average price of $41.45, for a total value of $74,610.00.
• 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 value of $205,100.00.
• 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 shares were 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 shares were 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 value 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 value 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 Price Performance

NYSE VTOL traded down $0.31 during mid-day trading on Friday, hitting $40.38. The stock had a trading volume of 302,876 shares, compared to its average volume of 234,800. The firm’s 50 day moving average is $40.84 and its 200 day moving average is $43.87. Bristow Group Inc. has a twelve month low of $35.65 and a twelve month high of $50.38. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.99 and a quick ratio of 1.57. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.07 and a beta of 1.22.

Bristow Group (NYSE:VTOL) last announced its earnings results on Tuesday, November 3rd. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $443.25 million. Equities research analysts forecast that Bristow Group Inc. will post 2.94 earnings per share for the current fiscal year.

Bristow Group Dividend Announcement

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

Institutional Trading of Bristow Group

Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new stake in shares of Bristow Group in the 2nd quarter worth $3,015,000. Legal & General Group Plc purchased a new position in shares of Bristow Group during the 2nd quarter worth $1,960,000. BlackRock Inc. acquired a new position in shares of Bristow Group during the 2nd quarter valued at about $162,017,000. Corient Private Wealth LP acquired a new position in shares of Bristow Group during the 2nd quarter valued at about $1,431,000. Finally, Algert Global LLC boosted its position in shares of Bristow Group by 17.1% during the 2nd quarter. Algert Global LLC now owns 410,059 shares of the company’s stock valued at $16,944,000 after acquiring an additional 59,858 shares during the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

About Bristow Group

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.