Bristow Group (NYSE:VTOL) Insider Alternative Asset Manage Solus Sells 1,800 Shares of Stock

Key Points

• Solus sold 1,800 Bristow Group shares at an average price of $41.45, totaling $74,610; after the sale, the insider still owned about 2.77 million shares.
• Bristow’s latest quarter fell short of expectations: earnings were $0.93 per share versus a $1.15 consensus, while revenue was $437.9 million versus an expected $443.3 million.
• The company declared a quarterly dividend of $0.125 per share, equivalent to an annualized yield of about 1.2%; analysts’ average rating was “Moderate Buy,” with a $63 average price target.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) insider Alternative Asset Manage Solus sold 1,800 shares of the business's stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $41.45, for a total transaction of $74,610.00. Following the transaction, the insider directly owned 2,771,836 shares of the company's stock, valued at $114,892,602.20. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 13th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were sold at an average price of $40.38, for a total transaction of $201,900.00.
• On Wednesday, November 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were sold at an average price of $41.02, for a total transaction of $205,100.00.
• On Tuesday, November 10th, Alternative Asset Manage Solus sold 61,800 shares of Bristow Group stock. The shares were sold at an average price of $40.37, for a total value of $2,494,866.00.
• 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 Tuesday, September 22nd, Alternative Asset Manage Solus sold 377 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total value of $16,211.00.
• 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 stock was 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 shares were 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 value of $687,750.00.

Bristow Group Stock Performance

VTOL stock traded down $0.31 during trading on Friday, reaching $40.38. 302,876 shares of the company's stock were exchanged, compared to its average volume of 234,800. The company has a quick ratio of 1.57, a current ratio of 1.99 and a debt-to-equity ratio of 0.65. Bristow Group Inc. has a 1-year low of $35.65 and a 1-year high of $50.38. The company's fifty day moving average price is $40.84 and its 200-day moving average price is $43.87. The firm has a market cap of $1.18 billion, a PE ratio of 15.07 and a beta of 1.22.

Bristow Group (NYSE:VTOL - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.22). Bristow Group had a return on equity of 7.47% and a net margin of 4.98%. The business had revenue of $437.92 million during the quarter, compared to the consensus estimate of $443.25 million. On average, research analysts expect that Bristow Group Inc. will post 2.94 EPS for the current fiscal year.

Bristow Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.1250 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.50 annualized dividend and a yield of 1.2%. Bristow Group's dividend payout ratio (DPR) is presently 18.66%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VTOL shares. Weiss Ratings downgraded shares of Bristow Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday. Zacks Research cut shares of Bristow Group from a "hold" rating to a "strong sell" rating in a report on Friday, November 6th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $63.00 price objective on shares of Bristow Group in a report on Thursday, November 5th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $63.00.

Hedge Funds Weigh In On Bristow Group

Several large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Bristow Group during the second quarter valued at $162,017,000. First Trust Advisors LP boosted its position in shares of Bristow Group by 87.8% in the 3rd quarter. First Trust Advisors LP now owns 1,307,747 shares of the company's stock valued at $53,251,000 after purchasing an additional 611,457 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Bristow Group in the 2nd quarter valued at $7,463,000. Empowered Funds LLC purchased a new position in Bristow Group in the 2nd quarter worth about $6,290,000. Finally, Norwood Investment Partners LP purchased a new position in Bristow Group in the 3rd quarter worth about $6,120,000. Institutional investors own 93.29% of the company's stock.

Bristow Group Company Profile

Bristow Group, Inc. provides helicopter and other aviation services, primarily supporting offshore energy operations and government customers. Its services include transporting personnel and supplies to offshore installations, as well as search-and-rescue operations and related aviation support. The company serves customers across several regions, including the Americas, Europe, Africa and Australia. Its operations include contracted search-and-rescue services in parts of Europe and the United Kingdom, alongside aviation services for the energy industry.

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