Insider Selling: Bristow Group (NYSE:VTOL) Insider Sells 5,000 Shares of Stock

Bristow Group Inc. (NYSE:VTOL – Get Free Report) insider Alternative Asset Manage Solus sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $40.38, for a total transaction of $201,900.00. Following the completion of the transaction, the insider directly owned 2,766,836 shares in the company, valued at approximately $111,724,837.68. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • 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 transaction of $74,610.00.
  • On Wednesday, November 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The stock was 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 shares were 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 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 shares were sold at an average price of $45.85, for a total value of $687,750.00.

Bristow Group Price Performance

Shares of VTOL stock traded down $0.31 during trading hours on Friday, reaching $40.38. The company’s stock had a trading volume of 302,876 shares, compared to its average volume of 234,800. Bristow Group Inc. has a fifty-two week low of $35.65 and a fifty-two week high of $50.38. The firm’s 50 day simple moving average is $40.84 and its 200-day simple moving average is $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. The company 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 – Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $443.25 million. Sell-side analysts forecast 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. Investors of record on Friday, November 13th will be paid a $0.1250 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.50 annualized dividend and a yield of 1.2%. Bristow Group’s dividend payout ratio (DPR) is 18.66%.

Analyst Ratings Changes

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

Read Our Latest Research Report on VTOL

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VTOL. Public Employees Retirement System of Ohio acquired a new position in Bristow Group in the 2nd quarter worth about $27,000. Nykredit A S bought a new position in Bristow Group in the second quarter valued at about $27,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Bristow Group during the second quarter valued at about $42,000. Allworth Financial LP acquired a new stake in shares of Bristow Group during the second quarter valued at about $43,000. Finally, State of Wyoming acquired a new stake in shares of Bristow Group during the second quarter valued at about $73,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

About Bristow Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Bristow Group (NYSE:VTOL)

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