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

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 that occurred on Friday, August 8th. The shares were sold at an average price of $37.72, for a total transaction of $95,469.32. Following the completion of the sale, the director directly owned 35,079 shares in the company, valued at approximately $1,323,179.88. This represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Bristow Group Stock Down 0.7%

Shares of Bristow Group stock traded down $0.27 during trading hours on Friday, hitting $37.41. The company had a trading volume of 17,572 shares, compared to its average volume of 162,407. The company has a market cap of $1.08 billion, a P/E ratio of 9.30 and a beta of 1.32. The company's 50-day moving average is $34.78 and its two-hundred day moving average is $32.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.81 and a quick ratio of 1.44. 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 earnings results on Tuesday, August 5th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.76 by $0.31. Bristow Group had a net margin of 8.24% and a return on equity of 12.86%. The company had revenue of $376.43 million during the quarter, compared to analysts' expectations of $380.00 million.

Institutional Trading of Bristow Group

Several hedge funds and other institutional investors have recently made changes to their positions in VTOL. KLP Kapitalforvaltning AS acquired a new stake in shares of Bristow Group in the fourth quarter valued at about $34,000. JPMorgan Chase & Co. raised its position in Bristow Group by 115.6% during the fourth quarter. JPMorgan Chase & Co. now owns 157,978 shares of the company's stock worth $5,419,000 after acquiring an additional 84,721 shares during the last quarter. Wells Fargo & Company MN raised its position in Bristow Group by 29.6% during the fourth quarter. Wells Fargo & Company MN now owns 14,841 shares of the company's stock worth $509,000 after acquiring an additional 3,392 shares during the last quarter. Invesco Ltd. raised its position in Bristow Group by 8.5% during the fourth quarter. Invesco Ltd. now owns 427,731 shares of the company's stock worth $14,671,000 after acquiring an additional 33,514 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in Bristow Group by 795.5% during the fourth 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 last quarter. 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.