Alternative Asset Manage Solus Sells 15,000 Shares of Bristow Group (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $45.85, for a total value of $687,750.00. Following the sale, the insider owned 2,861,796 shares of the company’s stock, valued at $131,213,346.60. The trade was a 0.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 transaction of $550,215.60.

Bristow Group Price Performance

VTOL opened at $43.31 on Friday. Bristow Group Inc. has a 52-week low of $35.03 and a 52-week high of $50.38. The company has a 50 day moving average of $44.66 and a two-hundred day moving average of $44.85. The company has a market cap of $1.28 billion, a P/E ratio of 12.48 and a beta of 1.19. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66.

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 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 business had revenue of $411.75 million for the quarter, compared to analyst estimates of $407.28 million. On average, analysts expect that Bristow Group Inc. will post 3.31 earnings per share for the current year.

Bristow Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 14th. Bristow Group’s dividend payout ratio is currently 14.41%.

Institutional Investors Weigh In On Bristow Group

A number of institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC acquired a new position in Bristow Group in the first quarter worth about $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Bristow Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock worth $461,000 after buying an additional 609 shares during the last quarter. Jane Street Group LLC lifted its holdings in Bristow Group by 178.7% during the 1st quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock worth $1,690,000 after buying an additional 34,317 shares during the last quarter. Strs Ohio acquired a new position in shares of Bristow Group in the 1st quarter worth approximately $44,000. Finally, Creative Planning acquired a new position in shares of Bristow Group in the 2nd quarter worth approximately $236,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Wall Street Analysts Forecast Growth

VTOL has been the subject of several analyst reports. Zacks Research upgraded shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Wall Street Zen cut Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a 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. Based on data from MarketBeat.com, Bristow Group has a consensus rating of “Moderate Buy” and an average price target of $60.00.

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.