Bristow Group (NYSE:VTOL) 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 stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00. Following the sale, the insider directly owned 2,844,710 shares of the company’s stock, valued at approximately $122,322,530. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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 transaction of $129,090.00.
• 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 transaction 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 opened at $42.21 on Wednesday. The firm’s fifty day simple moving average is $44.84 and its 200 day simple moving average is $44.68. The company has a current ratio of 2.26, a quick ratio of 1.85 and a debt-to-equity ratio of 0.66. Bristow Group Inc. has a twelve month low of $35.03 and a twelve month high of $50.38. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 12.17 and a beta of 1.19.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.19). Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. The company had revenue of $411.75 million during the quarter, compared to analyst estimates of $407.28 million. As a group, equities research analysts expect that Bristow Group Inc. will post 3.31 earnings per share for the current fiscal year.

Bristow Group Announces Dividend

The business also recently announced 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 was Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. Bristow Group’s dividend payout ratio (DPR) is 14.41%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Bristow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Engineers Gate Manager LP increased its holdings in Bristow Group by 17.4% during the 2nd quarter. Engineers Gate Manager LP now owns 6,160 shares of the company’s stock worth $255,000 after purchasing an additional 914 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Bristow Group during the 2nd quarter valued at approximately $42,000. Squarepoint Ops LLC grew its position in shares of Bristow Group by 10.6% during the second quarter. Squarepoint Ops LLC now owns 57,920 shares of the company’s stock worth $2,393,000 after buying an additional 5,533 shares in the last quarter. Allworth Financial LP grew its position in shares of Bristow Group by 128.3% during the second quarter. Allworth Financial LP now owns 1,032 shares of the company’s stock worth $43,000 after buying an additional 580 shares in the last quarter. Finally, Nykredit A S bought a new stake in shares of Bristow Group in the second quarter worth $27,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

About Bristow Group

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.