Bristow Group (NYSE:VTOL) Insider Alternative Asset Manage Solus Sells 897 Shares

Bristow Group Inc. (NYSE:VTOLGet Free Report) insider Alternative Asset Manage Solus sold 897 shares of Bristow Group stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $43.00, for a total transaction of $38,571.00. Following the completion of the transaction, the insider directly owned 2,840,436 shares in the company, valued at $122,138,748. This represents a 0.03% 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.

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

  • On Tuesday, September 22nd, Alternative Asset Manage Solus sold 377 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total value 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 value of $129,090.00.
  • On Friday, September 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were sold at an average price of $43.00, for a total value of $215,000.00.
  • 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 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

NYSE:VTOL traded down $0.06 during trading hours on Wednesday, hitting $42.73. 195,018 shares of the company were exchanged, compared to its average volume of 321,866. 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 Inc. has a 52-week low of $35.03 and a 52-week high of $50.38. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 12.31 and a beta of 1.19. The company’s 50 day moving average price is $44.68 and its 200-day moving average price is $44.52.

Bristow Group (NYSE:VTOLGet Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.19). The company 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%. As a group, research analysts forecast that Bristow Group Inc. will post 3.31 earnings per share for the current year.

Bristow Group Announces Dividend

The company 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. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 14th. Bristow Group’s dividend payout ratio (DPR) is presently 14.41%.

Institutional Investors Weigh In On Bristow Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Bristow Group in the 2nd quarter valued at about $27,000. Nykredit A S acquired a new stake in Bristow Group during the second quarter worth about $27,000. Clearstead Advisors LLC raised its position in Bristow Group by 1,450.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock valued at $39,000 after acquiring an additional 1,001 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Bristow Group during the second quarter valued at approximately $42,000. Finally, Allworth Financial LP acquired a new position in Bristow Group in the second quarter valued at approximately $43,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Zacks Research upgraded Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

View Our Latest Research Report on Bristow Group

Bristow Group Company Profile

(Get Free Report)

Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.

Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.

Further Reading

Insider Buying and Selling by Quarter for Bristow Group (NYSE:VTOL)

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