Bristow Group Inc. (NYSE:VTOL) Director Sells $111,270.00 in Stock

Bristow Group Inc. (NYSE:VTOL) Director Brian D. Truelove sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $37.09, for a total value of $111,270.00. Following the sale, the director now owns 33,504 shares in the company, valued at approximately $1,242,663.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Bristow Group Stock Performance

Bristow Group stock opened at $37.73 on Monday. Bristow Group Inc. has a 1-year low of $24.33 and a 1-year high of $41.50. The firm has a market cap of $1.07 billion, a P/E ratio of 943.25 and a beta of 1.32. The company has a current ratio of 1.73, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average of $34.50 and a 200-day moving average of $30.54.

Analysts Set New Price Targets

Separately, Benchmark lifted their price objective on Bristow Group from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday.

Hedge Funds Weigh In On Bristow Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Bristow Group by 6.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,899 shares of the company’s stock valued at $308,000 after acquiring an additional 634 shares in the last quarter. Rhumbline Advisers increased its position in shares of Bristow Group by 1.0% during the second quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock valued at $2,611,000 after buying an additional 795 shares during the period. Quadrature Capital Ltd raised its stake in Bristow Group by 10.9% in the fourth quarter. Quadrature Capital Ltd now owns 15,117 shares of the company’s stock worth $427,000 after buying an additional 1,491 shares in the last quarter. nVerses Capital LLC bought a new stake in Bristow Group during the 2nd quarter valued at approximately $64,000. Finally, Innealta Capital LLC bought a new position in shares of Bristow Group in the 2nd quarter worth approximately $74,000. Institutional investors own 93.29% of the company’s stock.

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.