Bristow Group (NYSE:VTOL) Stock: Insider Alternative Asset Manage Solus Sells 61,800 Shares

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 61,800 shares of Bristow Group stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $40.37, for a total transaction of $2,494,866.00. Following the sale, the insider owned 2,778,636 shares of the company’s stock, valued at $112,173,535.32. The trade was a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, November 13th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were sold at an average price of $40.38, for a total transaction of $201,900.00.
• 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 transaction 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 transaction of $205,100.00.
• 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 transaction of $38,571.00.
• 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 transaction 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 transaction 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 transaction of $215,000.00.
• On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The shares were 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 value 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 value of $687,750.00.

Bristow Group Trading Down 0.8%

NYSE:VTOL traded down $0.31 during midday trading on Friday, hitting $40.38. The stock had a trading volume of 302,876 shares, compared to its average volume of 268,406. Bristow Group Inc. has a one year low of $35.65 and a one year high of $50.38. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.07 and a beta of 1.22. The stock has a 50-day moving average of $40.77 and a 200 day moving average of $43.85. The company has a quick ratio of 1.57, a current ratio of 1.99 and a debt-to-equity ratio of 0.65.

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

Bristow Group Announces Dividend

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

Analyst Upgrades and Downgrades

VTOL has been the subject of several recent research reports. Zacks Research downgraded Bristow Group from a “hold” rating to a “strong sell” rating in a report on Friday, November 6th. Weiss Ratings cut shares of Bristow Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, November 9th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $63.00 target price on shares of Bristow Group in a report on Thursday, November 5th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

Hedge Funds Weigh In On Bristow Group

Several institutional investors have recently bought and sold shares of VTOL. BlackRock Inc. purchased a new position in Bristow Group in the second quarter valued at about $162,017,000. Dimensional Fund Advisors LP raised its holdings in Bristow Group by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,753,392 shares of the company’s stock worth $82,212,000 after purchasing an additional 45,874 shares in the last quarter. First Trust Advisors LP raised its holdings in Bristow Group by 87.8% in the third quarter. First Trust Advisors LP now owns 1,307,747 shares of the company’s stock worth $53,251,000 after purchasing an additional 611,457 shares in the last quarter. Boston Partners raised its holdings in Bristow Group by 25.3% in the third quarter. Boston Partners now owns 532,109 shares of the company’s stock worth $21,634,000 after purchasing an additional 107,507 shares in the last quarter. Finally, Algert Global LLC lifted its position in shares of Bristow Group by 17.1% during the second quarter. Algert Global LLC now owns 410,059 shares of the company’s stock valued at $16,944,000 after buying an additional 59,858 shares during the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

Bristow Group News Roundup

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

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.