Insider Selling: Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells 45,857 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 45,857 shares of the company’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $33.49, for a total transaction of $1,535,750.93. Following the completion of the transaction, the insider now owns 3,076,796 shares of the company’s stock, valued at approximately $103,041,898.04. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, March 19th, Alternative Asset Manage Solus sold 9,875 shares of Bristow Group stock. The stock was sold at an average price of $32.08, for a total value of $316,790.00.

Bristow Group Stock Performance

VTOL stock traded down $0.18 on Monday, reaching $34.13. The company’s stock had a trading volume of 182,752 shares, compared to its average volume of 137,656. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $41.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. The company has a market capitalization of $981.98 million, a P/E ratio of 18.35 and a beta of 1.32. The firm has a fifty day moving average of $29.53 and a two-hundred day moving average of $32.53.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.34. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The company had revenue of $350.53 million during the quarter, compared to analysts’ expectations of $353.00 million.

Institutional Trading of Bristow Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. raised its position in Bristow Group by 74.7% in the first quarter. Federated Hermes Inc. now owns 912 shares of the company’s stock worth $29,000 after acquiring an additional 390 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bristow Group by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,983 shares of the company’s stock worth $480,000 after purchasing an additional 517 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Bristow Group by 795.5% in the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company’s stock worth $27,000 after purchasing an additional 700 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Bristow Group by 2.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,402 shares of the company’s stock worth $906,000 after purchasing an additional 723 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Bristow Group by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 14,932 shares of the company’s stock valued at $512,000 after purchasing an additional 819 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors.

About Bristow Group

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.