Alternative Asset Manage Solus Sells 377 Shares of Bristow Group (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 377 shares of Bristow Group stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $43.00, for a total value of $16,211.00. Following the sale, the insider directly owned 2,841,333 shares in the company, valued at $122,177,319. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 value of $38,571.00.
• 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 value 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 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 value of $687,750.00.

Bristow Group Trading Down 0.1%

Shares of VTOL stock traded down $0.06 on Wednesday, reaching $42.73. 195,018 shares of the stock were exchanged, compared to its average volume of 321,866. The stock has a 50 day moving average price of $44.68 and a 200 day moving average price of $44.52. The stock has a market cap of $1.27 billion, a PE ratio of 12.31 and a beta of 1.19. Bristow Group Inc. has a one year low of $35.03 and a one year high of $50.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85.

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

Bristow Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given 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 is currently 14.41%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VTOL. Public Employees Retirement System of Ohio bought a new stake in shares of Bristow Group during the 2nd quarter worth approximately $27,000. Nykredit A S bought a new position in shares of Bristow Group in the second quarter valued at $27,000. Clearstead Advisors LLC increased its holdings in Bristow Group by 1,450.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after buying an additional 1,001 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Bristow Group during the second quarter worth $42,000. Finally, Allworth Financial LP bought a new stake in Bristow Group during the second quarter worth $43,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Analyst Upgrades and Downgrades

VTOL has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Zacks Research upgraded Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

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.