Alternative Asset Manage Solus Sells 377 Shares of Bristow Group (NYSE:VTOL) Stock

Key Points

• Alternative Asset Manage Solus sold 377 Bristow Group shares at $43.00 each, reducing its position by 0.01% while retaining 2.84 million shares valued at approximately $122.2 million. The insider has made several additional sales in September.
• Bristow shares fell 0.1% to $42.73, below their 50-day and 200-day moving averages. The company recently reported quarterly EPS of $0.70, missing the $0.89 consensus estimate, though revenue exceeded forecasts.
• Analysts maintain a generally positive outlook, with three Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $60.00. Bristow also pays a quarterly dividend of $0.125 per share, yielding about 1.2%.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) insider Alternative Asset Manage Solus sold 377 shares of Bristow Group stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $43.00, for a total value of $16,211.00. Following the sale, the insider directly owned 2,841,333 shares of the company's stock, valued at approximately $122,177,319. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, September 23rd, Alternative Asset Manage Solus sold 897 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total value of $38,571.00.
• On Monday, September 14th, Alternative Asset Manage Solus sold 3,000 shares of Bristow Group stock. The stock was sold at an average price of $43.03, for a total value of $129,090.00.
• On Friday, September 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were sold at an average price of $43.00, for a total value of $215,000.00.
• 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 Wednesday, September 2nd, Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock. The stock was sold at an average price of $45.68, for a total value of $550,215.60.
• On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The shares were sold at an average price of $45.85, for a total transaction of $687,750.00.

Bristow Group Stock Down 0.1%

VTOL stock traded down $0.06 during trading hours on Wednesday, hitting $42.73. The company's stock had a trading volume of 195,018 shares, compared to its average volume of 321,866. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.27 billion, a PE ratio of 12.31 and a beta of 1.19. Bristow Group Inc. has a 12 month low of $35.03 and a 12 month high of $50.38. The stock has a 50 day moving average price of $44.68 and a two-hundred day moving average price of $44.52.

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

Bristow Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. Bristow Group's dividend payout ratio is currently 14.41%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VTOL. BlackRock Inc. bought a new stake in Bristow Group in the 2nd quarter valued at $162,017,000. Dimensional Fund Advisors LP increased its holdings in shares of Bristow Group by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,753,392 shares of the company's stock worth $82,212,000 after purchasing an additional 45,874 shares during the period. Encompass Capital Advisors LLC acquired a new position in shares of Bristow Group during the fourth quarter valued at about $25,613,000. Fearnley Asset Management AS bought a new stake in shares of Bristow Group in the fourth quarter valued at about $16,942,000. Finally, Algert Global LLC lifted its stake in shares of Bristow Group by 17.1% in the second quarter. Algert Global LLC now owns 410,059 shares of the company's stock valued at $16,944,000 after buying an additional 59,858 shares during the period. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VTOL has been the topic of several recent analyst reports. Zacks Research upgraded shares of Bristow Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 7th. Weiss Ratings restated a "buy (b)" rating on shares of Bristow Group in a report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $60.00.

About Bristow Group

Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.

Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.

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