Alternative Asset Manage Solus Sells 45,857 Shares of Bristow Group Inc. (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 45,857 shares of Bristow Group stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $33.49, for a total value of $1,535,750.93. Following the sale, the insider now owns 3,076,796 shares of the company’s stock, valued at approximately $103,041,898.04. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, March 19th, Alternative Asset Manage Solus sold 9,875 shares of Bristow Group stock. The stock was sold at an average price of $32.08, for a total value of $316,790.00.

Bristow Group Stock Up 0.1%

NYSE:VTOL opened at $34.16 on Wednesday. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $41.50. The company has a market cap of $982.78 million, a price-to-earnings ratio of 8.76 and a beta of 1.32. The stock has a fifty day simple moving average of $29.81 and a 200-day simple moving average of $32.51. The company has a current ratio of 1.84, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73.

Bristow Group (NYSE:VTOL) last released its earnings results on Tuesday, May 6th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.34. Bristow Group had a return on equity of 12.95% and a net margin of 8.09%. The business had revenue of $350.53 million during the quarter, compared to the consensus estimate of $353.00 million.

Institutional Trading of Bristow Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Bristow Group by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,621,027 shares of the company’s stock worth $55,600,000 after purchasing an additional 48,852 shares during the last quarter. Empyrean Capital Partners LP raised its holdings in shares of Bristow Group by 4.6% in the first quarter. Empyrean Capital Partners LP now owns 1,130,000 shares of the company’s stock valued at $35,685,000 after acquiring an additional 50,000 shares in the last quarter. Taconic Capital Advisors LP raised its holdings in shares of Bristow Group by 4.9% in the fourth quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company’s stock valued at $37,659,000 after acquiring an additional 50,900 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Bristow Group by 17.7% in the first quarter. Brown Advisory Inc. now owns 1,009,740 shares of the company’s stock valued at $31,888,000 after acquiring an additional 151,784 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Bristow Group by 14.5% in the first quarter. American Century Companies Inc. now owns 663,001 shares of the company’s stock valued at $20,938,000 after acquiring an additional 84,061 shares in the last quarter. 93.29% of the stock is currently owned by institutional investors.

Bristow Group Company Profile

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.