Bristow Group Inc. (NYSE:VTOL – Get Free Report) Director Maryanne Miller sold 430 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $46.05, for a total value of $19,801.50. Following the completion of the transaction, the director owned 23,440 shares in the company, valued at approximately $1,079,412. This trade represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Bristow Group Trading Down 1.6%
Bristow Group stock opened at $45.98 on Friday. 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 cap of $1.36 billion, a P/E ratio of 13.25 and a beta of 1.22. Bristow Group Inc. has a 52-week low of $35.03 and a 52-week high of $50.38. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66.
Bristow Group (NYSE:VTOL – Get 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 during the quarter, compared to analysts’ expectations of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. Analysts predict that Bristow Group Inc. will post 3.31 EPS for the current year.
Bristow Group Dividend Announcement
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of VTOL. PNC Financial Services Group Inc. lifted its stake 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 acquiring an additional 340 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Bristow Group by 1.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,886 shares of the company’s stock valued at $801,000 after acquiring an additional 368 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Bristow Group by 0.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 79,189 shares of the company’s stock valued at $2,900,000 after acquiring an additional 402 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Bristow Group by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock worth $461,000 after purchasing an additional 609 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Bristow Group in the second quarter worth $27,000. 93.29% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
VTOL has been the subject of several research reports. Zacks Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Wall Street Zen cut Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.
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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