Bristow Group (NYSE:VTOL) Insider Alternative Asset Manage Solus Sells 15,000 Shares

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $45.85, for a total value of $687,750.00. Following the completion of the transaction, the insider directly owned 2,861,796 shares of the company’s stock, valued at approximately $131,213,346.60. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 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 transaction of $550,215.60.

Bristow Group Stock Down 3.1%

Shares of VTOL stock traded down $1.39 during trading on Thursday, reaching $43.80. The company’s stock had a trading volume of 276,005 shares, compared to its average volume of 223,627. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 12.62 and a beta of 1.19. The stock’s 50-day moving average price is $44.58 and its 200 day moving average price is $44.86. Bristow Group Inc. has a 1-year low of $35.03 and a 1-year high of $50.38.

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

Bristow Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. Bristow Group’s dividend payout ratio (DPR) is currently 14.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VTOL shares. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Wall Street Zen cut shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Corient Private Wealth LP purchased a new stake in Bristow Group in the second quarter valued at $1,539,000. Amundi grew its holdings in shares of Bristow Group by 8.5% during the second quarter. Amundi now owns 12,874 shares of the company’s stock worth $532,000 after purchasing an additional 1,007 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Bristow Group by 3,536.0% during the second quarter. California State Teachers Retirement System now owns 279,860 shares of the company’s stock worth $11,564,000 after purchasing an additional 272,163 shares during the last quarter. Nykredit A S acquired a new stake in shares of Bristow Group during the second quarter worth about $27,000. Finally, Van Den Berg Management I Inc. increased its position in shares of Bristow Group by 16.6% during the second quarter. Van Den Berg Management I Inc. now owns 108,398 shares of the company’s stock worth $4,479,000 after purchasing an additional 15,471 shares in the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

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.