Alternative Asset Manage Solus Sells 12,045 Shares of Bristow Group (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $45.68, for a total value of $550,215.60. Following the completion of the sale, the insider directly owned 2,849,751 shares of the company’s stock, valued at approximately $130,176,625.68. The trade was a 0.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The shares were sold at an average price of $45.75, for a total value of $1,875.75.
• On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The stock was sold at an average price of $45.85, for a total value of $687,750.00.

Bristow Group Price Performance

Shares of NYSE:VTOL opened at $43.31 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 12.48 and a beta of 1.19. The business has a 50-day simple moving average of $44.66 and a two-hundred day simple moving average of $44.85. Bristow Group Inc. has a fifty-two week low of $35.03 and a fifty-two week high of $50.38.

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

Bristow Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. Bristow Group’s payout ratio is currently 14.41%.

Institutional Investors Weigh In On Bristow Group

Hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Bristow Group in the 2nd quarter worth $162,017,000. Encompass Capital Advisors LLC bought a new stake in Bristow Group during the fourth quarter valued at about $25,613,000. Fearnley Asset Management AS bought a new stake in Bristow Group during the fourth quarter valued at about $16,942,000. Boston Partners purchased a new stake in Bristow Group in the fourth quarter worth about $13,486,000. Finally, California State Teachers Retirement System raised its stake in shares of Bristow Group by 3,536.0% in the second quarter. California State Teachers Retirement System now owns 279,860 shares of the company’s stock worth $11,564,000 after buying an additional 272,163 shares during the period. Institutional investors own 93.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen lowered Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Finally, Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Bristow Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

About Bristow Group

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.