Bristow Group (NYSE:VTOL) Stock: Insider Alternative Asset Manage Solus Sells 5,000 Shares

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $41.02, for a total value of $205,100.00. Following the transaction, the insider directly owned 2,773,636 shares in the company, valued at $113,774,548.72. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $41.45, for a total value of $74,610.00.
• On Tuesday, November 10th, Alternative Asset Manage Solus sold 61,800 shares of Bristow Group stock. The shares were sold at an average price of $40.37, for a total value of $2,494,866.00.
• 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 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 stock was 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 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 shares were sold at an average price of $45.68, for a total transaction 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 transaction of $687,750.00.

Bristow Group Stock Performance

Shares of VTOL traded down $0.31 during midday trading on Friday, reaching $40.38. The stock had a trading volume of 302,876 shares, compared to its average volume of 268,406. The firm has a 50 day simple moving average of $40.77 and a 200-day simple moving average of $43.85. Bristow Group Inc. has a one year low of $35.65 and a one year high of $50.38. The firm has a market cap of $1.18 billion, a PE ratio of 15.07 and a beta of 1.22. The company has a current ratio of 1.99, a quick ratio of 1.57 and a debt-to-equity ratio of 0.65.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.22). The firm had revenue of $437.92 million for the quarter, compared to analyst estimates of $443.25 million. Bristow Group had a return on equity of 7.47% and a net margin of 4.98%. As a group, sell-side analysts anticipate that Bristow Group Inc. will post 2.94 EPS for the current year.

Bristow Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be issued a dividend of $0.1250 per share. The ex-dividend date is Friday, November 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. Bristow Group’s dividend payout ratio (DPR) is presently 18.66%.

Recent Bristow Group Headlines

Here are a few of the latest headlines about VTOL:

• Positive Sentiment: A recent article argues Bristow stock may still be a bargain despite a reported 55% run-up. The headline presents a potentially supportive valuation view, though the supplied article details do not explain its reasoning. Bristow Group (VTOL) Stock Could Be A Bargain On Its 55% Run
• Negative Sentiment: Solus, an insider, reported selling 73,600 shares across transactions from November 10–13 for about $2.98 million. The sales may weigh on sentiment, although Solus retained approximately 2.77 million shares. SEC ownership filing

Analyst Ratings Changes

A number of analysts have recently issued reports on VTOL shares. Zacks Research cut Bristow Group from a “hold” rating to a “strong sell” rating in a research report on Friday, November 6th. Raymond James Financial reiterated an “outperform” rating and set a $63.00 target price on shares of Bristow Group in a research note on Thursday, November 5th. Finally, Weiss Ratings lowered Bristow Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, November 9th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

Hedge Funds Weigh In On Bristow Group

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in shares of Bristow Group by 8.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,509 shares of the company’s stock worth $211,000 after buying an additional 340 shares during the last quarter. Allworth Financial LP grew its position in Bristow Group by 128.3% in the second quarter. Allworth Financial LP now owns 1,032 shares of the company’s stock valued at $43,000 after acquiring an additional 580 shares during the last quarter. GAMMA Investing LLC grew its position in Bristow Group by 56.3% in the third quarter. GAMMA Investing LLC now owns 1,782 shares of the company’s stock valued at $73,000 after acquiring an additional 642 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Bristow Group in the second quarter valued at about $27,000. Finally, Nykredit A S acquired a new position in Bristow Group during the second quarter worth about $27,000. 93.29% of the stock is owned by institutional investors.

Bristow Group Company Profile

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.