Bristow Group Inc. (NYSE:VTOL – Get Free Report) Director Lorin Brass sold 1,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $46.56, for a total transaction of $87,998.40. Following the transaction, the director owned 18,873 shares of the company’s stock, valued at approximately $878,726.88. This represents a 9.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Bristow Group Trading Down 1.1%
Shares of NYSE VTOL traded down $0.52 during midday trading on Friday, reaching $45.42. 65,986 shares of the stock were exchanged, compared to its average volume of 219,008. The business has a 50-day simple moving average of $44.11 and a two-hundred day simple moving average of $44.83. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.09 and a beta of 1.22. Bristow Group Inc. has a 12 month low of $35.03 and a 12 month high of $50.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85.
Bristow Group (NYSE:VTOL – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). The firm had revenue of $411.75 million during the quarter, compared to the consensus estimate of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. As a group, equities research analysts expect that Bristow Group Inc. will post 3.31 EPS for the current year.
Bristow Group Dividend Announcement
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on VTOL shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Zacks Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen cut shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Bristow Group has an average rating of “Moderate Buy” and a consensus target price of $60.00.
Read Our Latest Stock Report on VTOL
Institutional Trading of Bristow Group
A number of institutional investors have recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Bristow Group in the 1st quarter valued at approximately $1,521,000. Vanguard Group Inc. raised its position in Bristow Group by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company’s stock worth $75,313,000 after acquiring an additional 71,638 shares in the last quarter. Sei Investments Co. lifted its stake in Bristow Group by 107.1% in the first quarter. Sei Investments Co. now owns 81,589 shares of the company’s stock valued at $3,826,000 after acquiring an additional 42,193 shares during the last quarter. Horizon Investments LLC bought a new position in shares of Bristow Group in the 4th quarter valued at about $616,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Bristow Group by 33.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 130,735 shares of the company’s stock worth $4,795,000 after purchasing an additional 32,623 shares during the last quarter. 93.29% of the stock is currently owned by 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.
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