Bristow Group (NYSE:VTOL) Insider Sells $205,100.00 in Stock

Key Points

• Bristow insider Alternative Asset Manage Solus sold 5,000 shares at an average $41.02, netting $205,100; it retained 2,773,636 shares after the transaction.
• Bristow’s latest quarter fell short of expectations: EPS was $0.93 versus the $1.15 consensus, while revenue was $437.92 million against estimates of $443.25 million.
• Analyst views are mixed, with a “Moderate Buy” consensus and a $63 average price target; the company also declared a quarterly dividend of $0.125 per share.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) insider Alternative Asset Manage Solus sold 5,000 shares of the business's stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $41.02, for a total transaction of $205,100.00. Following the transaction, the insider directly owned 2,773,636 shares of the company's stock, valued at approximately $113,774,548.72. This trade represents a 0.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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 stock was sold at an average price of $40.38, for a total transaction of $201,900.00.
• On Thursday, November 12th, Alternative Asset Manage Solus sold 1,800 shares of Bristow Group stock. The stock was sold at an average price of $41.45, for a total transaction of $74,610.00.
• On Tuesday, November 10th, Alternative Asset Manage Solus sold 61,800 shares of Bristow Group stock. The stock was sold at an average price of $40.37, for a total transaction of $2,494,866.00.
• On Wednesday, September 23rd, Alternative Asset Manage Solus sold 897 shares of Bristow Group stock. The shares were sold at an average price of $43.00, for a total transaction of $38,571.00.
• On Tuesday, September 22nd, Alternative Asset Manage Solus sold 377 shares of Bristow Group stock. The shares were sold at an average price of $43.00, for a total transaction of $16,211.00.
• 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 transaction 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 transaction 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 stock was 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 on Friday, reaching $40.38. The company's stock had a trading volume of 302,876 shares, compared to its average volume of 234,800. Bristow Group Inc. has a 52 week low of $35.65 and a 52 week high of $50.38. The company has a market capitalization of $1.18 billion, a P/E ratio of 15.07 and a beta of 1.22. The firm has a fifty day moving average of $40.84 and a two-hundred day moving average of $43.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.99 and a quick ratio of 1.57.

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

Bristow Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be given a dividend of $0.1250 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 13th. Bristow Group's payout ratio is 18.66%.

Institutional Trading of Bristow Group

A number of institutional investors have recently made changes to their positions in VTOL. Public Employees Retirement System of Ohio bought a new position in shares of Bristow Group in the second quarter valued at approximately $27,000. Nykredit A S acquired a new position in shares of Bristow Group during the second quarter valued at approximately $27,000. Integrated Wealth Concepts LLC acquired a new position in shares of Bristow Group during the second quarter valued at approximately $42,000. Allworth Financial LP bought a new stake in Bristow Group during the second quarter worth approximately $43,000. Finally, State of Wyoming bought a new stake in Bristow Group during the second quarter worth approximately $73,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VTOL has been the subject of several recent analyst reports. Zacks Research cut Bristow Group from a "hold" rating to a "strong sell" rating in a research note on Friday, November 6th. Weiss Ratings cut shares of Bristow Group from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $63.00 price objective on shares of Bristow Group in a report on Thursday, November 5th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $63.00.

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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