Bristow Group Inc. (NYSE:VTOL) COO Sells $371,000.00 in Stock

Key Points

• Bristow Group Inc. COO Stuart Stavley sold 10,000 shares of stock, totaling $371,000.00, representing an 11.24% decrease in his holdings.
• The company's stock price reached $37.99 after trading down $0.46, with a 52-week range of $25.11 to $39.91.
• Bristow Group reported earnings of $1.07 EPS, exceeding analyst expectations of $0.76, although revenue was slightly below forecasts at $376.43 million.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) COO Stuart Stavley sold 10,000 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $37.10, for a total transaction of $371,000.00. Following the transaction, the chief operating officer owned 78,947 shares in the company, valued at approximately $2,928,933.70. The trade was a 11.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Bristow Group Price Performance

Shares of VTOL stock traded down $0.46 during trading hours on Friday, reaching $37.99. 188,004 shares of the company were exchanged, compared to its average volume of 162,686. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $39.91. The stock's fifty day moving average is $33.96 and its two-hundred day moving average is $32.47. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 9.47 and a beta of 1.32. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.81 and a quick ratio of 1.47.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. Bristow Group had a net margin of 8.24% and a return on equity of 12.86%. The firm had revenue of $376.43 million during the quarter, compared to analysts' expectations of $380.00 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC increased its stake in Bristow Group by 795.5% during the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock valued at $27,000 after purchasing an additional 700 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Bristow Group by 74.7% during the first quarter. Federated Hermes Inc. now owns 912 shares of the company's stock valued at $29,000 after purchasing an additional 390 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Bristow Group in the fourth quarter worth about $34,000. CWM LLC increased its position in shares of 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 purchasing an additional 913 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Bristow Group in the first quarter worth approximately $44,000. Institutional investors and hedge funds 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.

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