Bristow Group Inc. (NYSE:VTOL – Get Free Report) insider Alternative Asset Manage Solus sold 12,045 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $45.68, for a total transaction of $550,215.60. Following the transaction, the insider owned 2,849,751 shares in the company, valued at $130,176,625.68. This represents a 0.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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 value of $1,875.75.
- On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The stock was sold at an average price of $45.85, for a total value of $687,750.00.
Bristow Group Stock Performance
Shares of NYSE VTOL opened at $43.80 on Friday. The stock has a fifty day moving average price of $44.63 and a two-hundred day moving average price of $44.86. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26. The firm has a market cap of $1.30 billion, a P/E ratio of 12.62 and a beta of 1.19. Bristow Group Inc. has a 1 year low of $35.03 and a 1 year high of $50.38.
Bristow Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. Bristow Group’s payout ratio is currently 14.41%.
Analysts Set New Price Targets
VTOL has been the subject of a number of analyst reports. Zacks Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. 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 given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.
Get Our Latest Research Report on VTOL
Institutional Investors Weigh In On Bristow Group
Several institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LP bought a new stake in Bristow Group during the second quarter worth approximately $1,539,000. Amundi raised its position in shares of Bristow Group by 8.5% in the second quarter. Amundi now owns 12,874 shares of the company’s stock valued at $532,000 after purchasing an additional 1,007 shares during the period. California State Teachers Retirement System raised its position in shares of Bristow Group by 3,536.0% in the second quarter. California State Teachers Retirement System now owns 279,860 shares of the company’s stock valued at $11,564,000 after purchasing an additional 272,163 shares during the period. Nykredit A S acquired a new stake in shares of Bristow Group in the second quarter worth $27,000. Finally, Van Den Berg Management I Inc. lifted its stake in shares of Bristow Group by 16.6% in the second quarter. Van Den Berg Management I Inc. now owns 108,398 shares of the company’s stock worth $4,479,000 after buying an additional 15,471 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.
About Bristow Group
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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