Bristow Group (NYSE:VTOL) Director Lorin Brass Sells 3,250 Shares

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 3,250 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $49.04, for a total transaction of $159,380.00. Following the completion of the transaction, the director directly owned 18,455 shares in the company, valued at $905,033.20. The trade was a 14.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bristow Group Stock Down 2.9%

VTOL opened at $45.61 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. The business’s fifty day simple moving average is $42.47 and its 200 day simple moving average is $39.38. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $49.55. The stock has a market cap of $1.33 billion, a PE ratio of 10.56 and a beta of 1.35.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.46 by $0.15. The firm had revenue of $377.26 million for the quarter, compared to analyst estimates of $380.33 million. Bristow Group had a return on equity of 12.87% and a net margin of 8.66%.

Bristow Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, March 13th.

Hedge Funds Weigh In On Bristow Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC bought a new stake in Bristow Group in the first quarter valued at $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Bristow Group by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock valued at $461,000 after buying an additional 609 shares during the period. Jane Street Group LLC raised its stake in Bristow Group by 178.7% in the first quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock worth $1,690,000 after buying an additional 34,317 shares in the last quarter. Strs Ohio bought a new position in Bristow Group in the first quarter worth about $44,000. Finally, CWM LLC lifted its holdings in Bristow Group by 208.4% in the second quarter. CWM LLC now owns 1,351 shares of the company’s stock worth $45,000 after buying an additional 913 shares during the period. Institutional investors own 93.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VTOL shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bristow Group in a research report on Wednesday, January 21st. Zacks Research raised Bristow Group to a “hold” rating in a research note on Thursday, February 19th. Wall Street Zen cut Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday. JonesTrading initiated coverage on Bristow Group in a research note on Friday, January 23rd. They issued a “buy” rating on the stock. Finally, Raymond James Financial initiated coverage on Bristow Group in a research report on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Bristow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Bristow Group Company Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.