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

Bristow Group Inc. (NYSE:VTOL – Get Free Report) insider Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock in a transaction that occurred on Friday, November 13th. The stock was sold at an average price of $40.38, for a total transaction of $201,900.00. Following the sale, the insider owned 2,766,836 shares in the company, valued at approximately $111,724,837.68. This represents a 0.18% decrease in their ownership of the stock. The transaction 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 stock was 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 shares were sold at an average price of $41.02, for a total transaction of $205,100.00.
  • On Tuesday, November 10th, Alternative Asset Manage Solus sold 61,800 shares of Bristow Group stock. The shares were sold at an average price of $40.37, for a total transaction of $2,494,866.00.
  • On Wednesday, September 23rd, Alternative Asset Manage Solus sold 897 shares of Bristow Group stock. The shares were 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 stock was 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 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 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 trading hours on Friday, hitting $40.38. 302,876 shares of the company were exchanged, compared to its average volume of 234,800. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.07 and a beta of 1.22. The company has a current ratio of 1.99, a quick ratio of 1.57 and a debt-to-equity ratio of 0.65. Bristow Group Inc. has a one year low of $35.65 and a one year high of $50.38. The company has a fifty day simple moving average of $40.84 and a 200 day simple moving average of $43.87.

Bristow Group (NYSE:VTOL – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.22). Bristow Group had a return on equity of 7.47% and a net margin of 4.98%. The company had revenue of $437.92 million for the quarter, compared to analyst estimates of $443.25 million. Sell-side analysts expect that Bristow Group Inc. will post 2.94 EPS for the current fiscal year.

Bristow Group Announces Dividend

The business also recently disclosed 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. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 13th. Bristow Group’s dividend payout ratio (DPR) is 18.66%.

Hedge Funds Weigh In On Bristow Group

A number of hedge funds have recently bought and sold shares of VTOL. Empowered Funds LLC boosted its position in Bristow Group by 2.5% during the third quarter. Empowered Funds LLC now owns 155,996 shares of the company’s stock valued at $6,352,000 after acquiring an additional 3,780 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Bristow Group by 87.8% during 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 in the last quarter. Ieq Capital LLC boosted its position in shares of Bristow Group by 37.4% during 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 in the last quarter. Boston Partners boosted its position in shares of Bristow Group by 25.3% during the 3rd quarter. Boston Partners now owns 532,109 shares of the company’s stock valued at $21,634,000 after purchasing an additional 107,507 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in Bristow Group during the third quarter worth approximately $84,000. Institutional investors own 93.29% of the company’s stock.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on VTOL

About Bristow Group

(Get Free Report)

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.

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