Bristow Group (NYSE:VTOL) Director Maryanne Miller Sells 430 Shares

Bristow Group Inc. (NYSE:VTOL) Director Maryanne Miller sold 430 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $46.05, for a total value of $19,801.50. Following the transaction, the director owned 23,440 shares of the company’s stock, valued at approximately $1,079,412. This represents a 1.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bristow Group Trading Up 2.2%

NYSE:VTOL traded up $0.99 during trading hours on Wednesday, hitting $46.88. The company had a trading volume of 301,421 shares, compared to its average volume of 220,130. The company has a market capitalization of $1.39 billion, a PE ratio of 13.51 and a beta of 1.22. The stock has a 50-day moving average price of $43.96 and a 200 day moving average price of $44.80. Bristow Group Inc. has a 52 week low of $35.03 and a 52 week 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) last posted its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). Bristow Group had a return on equity of 9.82% and a net margin of 6.66%.The firm had revenue of $411.75 million for the quarter, compared to analysts’ expectations of $407.28 million. On average, equities research analysts predict that Bristow Group Inc. will post 3.31 EPS for the current fiscal year.

Bristow Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.125 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. Bristow Group’s dividend payout ratio is 14.41%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research upgraded shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Bristow Group presently has an average rating of “Moderate Buy” and an average target price of $60.00.

Institutional Trading of Bristow Group

Several hedge funds and other institutional investors have recently made changes to their positions in VTOL. AQR Capital Management LLC purchased a new position in Bristow Group during the first quarter valued at $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Bristow Group by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock valued at $461,000 after acquiring an additional 609 shares in the last quarter. Jane Street Group LLC raised its position in shares of Bristow Group by 178.7% in the 1st quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock worth $1,690,000 after purchasing an additional 34,317 shares during the last quarter. Strs Ohio purchased a new stake in Bristow Group during the 1st quarter valued at about $44,000. Finally, Creative Planning bought a new stake in Bristow Group during the 2nd quarter valued at about $236,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

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.