Bristow Group Inc. (NYSE:VTOL) Director Wesley E. Kern Sells 2,531 Shares

Key Points

• Wesley E. Kern, a director at Bristow Group Inc., sold 2,531 shares of the company's stock for a total of $95,469.32, resulting in a 6.73% decrease in his holdings.
• Bristow Group reported $1.07 earnings per share (EPS) for the last quarter, surpassing analysts' expectations of $0.76, although their revenue fell short of estimates.
• Institutional investors own 93.29% of Bristow Group's stock, with several firms significantly increasing their stakes in recent months.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Wesley E. Kern sold 2,531 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $37.72, for a total value of $95,469.32. Following the transaction, the director directly owned 35,079 shares in the company, valued at $1,323,179.88. The trade was a 6.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bristow Group Price Performance

VTOL traded down $0.34 during trading on Monday, hitting $37.66. The company's stock had a trading volume of 178,329 shares, compared to its average volume of 177,125. The company has a current ratio of 1.81, a quick ratio of 1.44 and a debt-to-equity ratio of 0.69. The business's fifty day simple moving average is $34.29 and its 200 day simple moving average is $32.46. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.39 and a beta of 1.32. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $39.91.

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

Institutional Trading of Bristow Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. lifted its position in shares of Bristow Group by 74.7% during the 1st quarter. Federated Hermes Inc. now owns 912 shares of the company's stock valued at $29,000 after acquiring an additional 390 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Bristow Group by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,983 shares of the company's stock valued at $480,000 after acquiring an additional 517 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Bristow Group by 11.7% in the second quarter. Harbor Capital Advisors Inc. now owns 6,380 shares of the company's stock valued at $210,000 after purchasing an additional 668 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Bristow Group by 795.5% during the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock worth $27,000 after acquiring an additional 700 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Bristow Group by 2.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,402 shares of the company's stock worth $906,000 after purchasing an additional 723 shares in the last quarter. 93.29% of the stock is owned by institutional investors.

About Bristow Group

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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