Bristow Group Inc. (NYSE:VTOL) Director Robert Manzo Sells 10,000 Shares

Key Points

• Robert Manzo, a director at Bristow Group Inc., sold **10,000 shares** of the company's stock for a total of **$371,100**, reducing his ownership by **20.58%**.
• Bristow Group recently reported **$1.07 earnings per share**, exceeding analysts' expectations of **$0.76**, with revenues of **$376.43 million** for the quarter.
• Institutional investors own **93.29%** of Bristow Group's stock, with several hedge funds significantly increasing their positions in the first quarter.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Robert Manzo sold 10,000 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $37.11, for a total value of $371,100.00. Following the transaction, the director directly owned 38,583 shares in the company, valued at $1,431,815.13. This represents a 20.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Bristow Group Stock Performance

Shares of VTOL stock traded down $0.46 during mid-day trading on Friday, reaching $37.99. The stock had a trading volume of 188,004 shares, compared to its average volume of 162,686. The business's fifty day moving average is $33.96 and its 200-day moving average is $32.47. The company has a current ratio of 1.81, a quick ratio of 1.47 and a debt-to-equity ratio of 0.69. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 9.47 and a beta of 1.32. Bristow Group Inc. has a 1-year low of $25.11 and a 1-year high of $39.91.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VTOL. New York State Teachers Retirement System boosted its position in Bristow Group by 10.2% in the 1st quarter. New York State Teachers Retirement System now owns 18,389 shares of the company's stock valued at $581,000 after buying an additional 1,706 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Bristow Group by 244.6% during the 1st quarter. SG Americas Securities LLC now owns 17,870 shares of the company's stock worth $564,000 after acquiring an additional 12,684 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Bristow Group during the 1st quarter valued at approximately $451,000. GAMMA Investing LLC lifted its position in shares of Bristow Group by 3,773.3% in the 1st quarter. GAMMA Investing LLC now owns 23,085 shares of the company's stock worth $731,000 after acquiring an additional 22,489 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in shares of Bristow Group by 17.3% in the 4th quarter. Nuveen Asset Management LLC now owns 75,121 shares of the company's stock worth $2,577,000 after buying an additional 11,061 shares in the last quarter. Hedge funds and other 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.

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