Bristow Group Inc. (NYSE:VTOL) Major Shareholder Alternative Asset Manage Solus Sells 9,875 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 9,875 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $32.08, for a total transaction of $316,790.00. Following the sale, the insider now directly owns 3,166,821 shares of the company’s stock, valued at approximately $101,591,617.68. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares 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 12th, Alternative Asset Manage Solus sold 100 shares of Bristow Group stock. The stock was sold at an average price of $32.00, for a total transaction of $3,200.00.
• On Friday, March 7th, Alternative Asset Manage Solus sold 11,829 shares of Bristow Group stock. The stock was sold at an average price of $32.71, for a total transaction of $386,926.59.
• On Wednesday, March 5th, Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock. The shares were sold at an average price of $32.71, for a total transaction of $272,245.33.

Bristow Group Stock Performance

NYSE:VTOL opened at $31.38 on Friday. 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 firm has a 50-day moving average of $34.54 and a two-hundred day moving average of $35.08. The stock has a market cap of $898.50 million, a P/E ratio of 16.87 and a beta of 1.39. Bristow Group Inc. has a 1-year low of $24.33 and a 1-year high of $41.50.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.46. The company had revenue of $353.53 million during the quarter, compared to analysts’ expectations of $367.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

Institutional Investors Weigh In On Bristow Group

A number of institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp acquired a new stake in shares of Bristow Group in the 4th quarter valued at about $366,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 valued at $906,000 after purchasing an additional 723 shares in the last quarter. Western Standard LLC raised its stake in shares of Bristow Group by 41.5% in the 4th quarter. Western Standard LLC now owns 563,318 shares of the company’s stock valued at $19,322,000 after purchasing an additional 165,318 shares in the last quarter. Taconic Capital Advisors LP raised its stake in shares of Bristow Group by 4.9% in the 4th quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company’s stock valued at $37,659,000 after purchasing an additional 50,900 shares in the last quarter. Finally, State of Wyoming raised its stake in Bristow Group by 237.3% during the fourth quarter. State of Wyoming now owns 9,088 shares of the company’s stock worth $312,000 after acquiring an additional 6,394 shares during the period. Institutional investors and hedge funds own 93.29% of the company’s stock.

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.