Bristow Group (NYSE:VTOL) Insider Alternative Asset Manage Solus Sells 5,000 Shares of Stock

Key Points

• Solus sold 5,000 Bristow Group shares at an average price of $43, generating $215,000 and reducing its ownership by 0.18% to 2.84 million shares.
• Bristow shares rose 0.7% to $42.21, while the company’s latest quarterly EPS of $0.70 missed estimates of $0.89 despite revenue exceeding expectations.
• Analysts maintain a “Moderate Buy” consensus with a $60 average price target; Bristow also pays a quarterly dividend of $0.125 per share, or a 1.2% annual yield.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) insider Alternative Asset Manage Solus sold 5,000 shares of the firm's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00. Following the transaction, the insider directly owned 2,844,710 shares of the company's stock, valued at $122,322,530. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, September 14th, Alternative Asset Manage Solus sold 3,000 shares of Bristow Group stock. The shares were sold at an average price of $43.03, for a total value of $129,090.00.
• 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 transaction 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 Trading Up 0.7%

Bristow Group stock traded up $0.28 during mid-day trading on Tuesday, hitting $42.21. 286,899 shares of the stock were exchanged, compared to its average volume of 224,455. 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 stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 12.17 and a beta of 1.19. The firm's fifty day simple moving average is $44.85 and its two-hundred day simple moving average is $44.71. 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 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). The firm had revenue of $411.75 million for the quarter, compared to the consensus estimate of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. Analysts forecast that Bristow Group Inc. will post 3.31 EPS for the current year.

Bristow Group Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VTOL. Public Employees Retirement System of Ohio bought a new stake in Bristow Group during the second quarter worth $27,000. Nykredit A S purchased a new stake in shares of Bristow Group during the second quarter valued at approximately $27,000. Integrated Wealth Concepts LLC purchased a new stake in Bristow Group in the second quarter worth about $42,000. Allworth Financial LP bought a new stake in Bristow Group during the second quarter worth about $43,000. Finally, Clearstead Advisors LLC boosted its holdings in Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company's stock worth $39,000 after acquiring an additional 1,001 shares in the last quarter. Institutional investors own 93.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VTOL. Weiss Ratings reissued a "buy (b)" rating on shares of Bristow Group in a research report on Friday, May 29th. Zacks Research upgraded shares of Bristow Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $60.00.

Bristow Group Company Profile

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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