Bristow Group (NYSE:VTOL) Insider Alternative Asset Manage Solus Sells 3,000 Shares

Key Points

• Insider sale: Alternative Asset Manage Solus sold 3,000 Bristow Group shares at an average price of $43.03, reducing its ownership by 0.11% to 2.84 million shares valued at approximately $122.3 million.
• Stock and earnings: VTOL recently traded at $42.21, below its 50-day and 200-day moving averages. Bristow reported quarterly EPS of $0.70, missing estimates of $0.89, although revenue of $411.75 million exceeded expectations.
• Analyst and ownership outlook: Analysts give Bristow a consensus “Moderate Buy” rating with a $60 price target, while institutional investors and hedge funds own 93.29% of the company’s shares.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) insider Alternative Asset Manage Solus sold 3,000 shares of Bristow Group stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $43.03, for a total transaction of $129,090.00. Following the transaction, the insider directly owned 2,841,710 shares of the company's stock, valued at approximately $122,278,781.30. This trade represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 transaction of $215,000.00.
• On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The stock was 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 transaction of $687,750.00.

Bristow Group Price Performance

Bristow Group stock traded up $0.28 during midday trading on Tuesday, reaching $42.21. The company had a trading volume of 286,899 shares, compared to its average volume of 224,455. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. The firm's fifty day simple moving average is $44.85 and its 200-day simple moving average is $44.71. The company has a market capitalization of $1.25 billion, a P/E ratio of 12.17 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.

Bristow Group (NYSE:VTOL - Get Free Report) last issued its quarterly 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 firm had revenue of $411.75 million for the quarter, compared to analysts' expectations of $407.28 million. As a group, equities analysts anticipate that Bristow Group Inc. will post 3.31 EPS for the current year.

Bristow Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.125 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. Bristow Group's dividend payout ratio is 14.41%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VTOL shares. Zacks Research upgraded 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 research note on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.00.

Institutional Investors Weigh In On Bristow Group

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

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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