Bristow Group (NYSE:VTOL) Stock: Insider Alternative Asset Manage Solus Sells 5,000 Shares

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 5,000 shares of the business’s stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $40.38, for a total value of $201,900.00. Following the completion of the transaction, the insider directly owned 2,766,836 shares in the company, valued at $111,724,837.68. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, November 12th, Alternative Asset Manage Solus sold 1,800 shares of Bristow Group stock. The shares were sold at an average price of $41.45, for a total value of $74,610.00.
• On Wednesday, November 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The stock was sold at an average price of $41.02, for a total value of $205,100.00.
• On Tuesday, November 10th, Alternative Asset Manage Solus sold 61,800 shares of Bristow Group stock. The stock was sold at an average price of $40.37, for a total value of $2,494,866.00.
• On Wednesday, September 23rd, Alternative Asset Manage Solus sold 897 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total value of $38,571.00.
• On Tuesday, September 22nd, Alternative Asset Manage Solus sold 377 shares of Bristow Group stock. The shares were 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 shares were 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 stock was 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 stock was 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 stock was sold at an average price of $45.85, for a total transaction of $687,750.00.

Bristow Group Trading Down 0.8%

Shares of NYSE:VTOL traded down $0.31 during mid-day trading on Friday, hitting $40.38. The company had a trading volume of 302,876 shares, compared to its average volume of 268,406. The firm has a fifty day moving average price of $40.77 and a 200 day moving average price of $43.85. The company has a market capitalization of $1.18 billion, a PE ratio of 15.07 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.99 and a quick ratio of 1.57. Bristow Group Inc. has a one year low of $35.65 and a one year high of $50.38.

Bristow Group (NYSE:VTOL) last released its earnings results on Tuesday, November 3rd. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.22). The company had revenue of $437.92 million for the quarter, compared to analyst estimates of $443.25 million. Bristow Group had a net margin of 4.98% and a return on equity of 7.47%. As a group, research analysts forecast that Bristow Group Inc. will post 2.94 EPS for the current year.

Bristow Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be paid a $0.1250 dividend. This represents a $0.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 13th. Bristow Group’s payout ratio is 18.66%.

Institutional Investors Weigh In On Bristow Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Pathstone Holdings LLC acquired a new position in shares of Bristow Group during the third quarter worth approximately $545,000. Marshall Wace LLP lifted its holdings in shares of Bristow Group by 21.1% in the 3rd quarter. Marshall Wace LLP now owns 147,668 shares of the company’s stock worth $6,013,000 after purchasing an additional 25,686 shares in the last quarter. Empowered Funds LLC grew its position in Bristow Group by 2.5% in the 3rd quarter. Empowered Funds LLC now owns 155,996 shares of the company’s stock valued at $6,352,000 after purchasing an additional 3,780 shares during the period. First Trust Advisors LP grew its position in Bristow Group by 87.8% in the 3rd quarter. First Trust Advisors LP now owns 1,307,747 shares of the company’s stock valued at $53,251,000 after purchasing an additional 611,457 shares during the period. Finally, Ieq Capital LLC grew its position in Bristow Group by 37.4% in the 3rd quarter. Ieq Capital LLC now owns 37,155 shares of the company’s stock valued at $1,513,000 after purchasing an additional 10,115 shares during the period. Institutional investors own 93.29% of the company’s stock.

More Bristow Group News

Here’s some of the latest news about VTOL:

• Positive Sentiment: A recent article argues Bristow stock may still be a bargain despite a reported 55% run-up. The headline presents a potentially supportive valuation view, though the supplied article details do not explain its reasoning. Bristow Group (VTOL) Stock Could Be A Bargain On Its 55% Run
• Negative Sentiment: Solus, an insider, reported selling 73,600 shares across transactions from November 10–13 for about $2.98 million. The sales may weigh on sentiment, although Solus retained approximately 2.77 million shares. SEC ownership filing

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VTOL. Zacks Research lowered shares of Bristow Group from a “hold” rating to a “strong sell” rating in a report on Friday, November 6th. Raymond James Financial restated an “outperform” rating and issued a $63.00 target price on shares of Bristow Group in a research note on Thursday, November 5th. Finally, Weiss Ratings downgraded Bristow Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, November 9th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.00.

Bristow Group Company Profile

Bristow Group, Inc. provides helicopter and other aviation services, primarily supporting offshore energy operations and government customers. Its services include transporting personnel and supplies to offshore installations, as well as search-and-rescue operations and related aviation support. The company serves customers across several regions, including the Americas, Europe, Africa and Australia. Its operations include contracted search-and-rescue services in parts of Europe and the United Kingdom, alongside aviation services for the energy industry.