Bristow Group Inc. (NYSE:VTOL) Major Shareholder Alternative Asset Manage Solus Sells 45,857 Shares

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 45,857 shares of Bristow Group stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $33.49, for a total value of $1,535,750.93. Following the completion of the transaction, the insider now owns 3,076,796 shares in the company, valued at $103,041,898.04. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% 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 19th, Alternative Asset Manage Solus sold 9,875 shares of Bristow Group stock. The shares were sold at an average price of $32.08, for a total value of $316,790.00.

Bristow Group Trading Down 0.5%

VTOL traded down $0.18 during trading on Monday, reaching $34.13. The company had a trading volume of 182,752 shares, compared to its average volume of 137,656. The firm’s 50-day simple moving average is $29.53 and its 200 day simple moving average is $32.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. The company has a market cap of $981.98 million, a price-to-earnings ratio of 18.35 and a beta of 1.32. Bristow Group Inc. has a 12-month low of $25.11 and a 12-month high of $41.50.

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

Hedge Funds Weigh In On Bristow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTOL. Strs Ohio purchased a new stake in shares of Bristow Group in the first quarter valued at $44,000. Intech Investment Management LLC raised its position in Bristow Group by 27.7% during the first quarter. Intech Investment Management LLC now owns 96,935 shares of the company’s stock valued at $3,061,000 after buying an additional 21,027 shares during the period. Jane Street Group LLC raised its position in Bristow Group by 178.7% during the first quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock valued at $1,690,000 after buying an additional 34,317 shares during the period. Empowered Funds LLC lifted its stake in Bristow Group by 22.9% in the 1st quarter. Empowered Funds LLC now owns 104,469 shares of the company’s stock worth $3,299,000 after acquiring an additional 19,487 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 acquiring an additional 609 shares during the period. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Bristow Group Company Profile

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.