Insider Selling: Bristow Group (NYSE:VTOL) Insider Sells 15,000 Shares of Stock

Key Points

• Insider selling: Alternative Asset Manage Solus sold 15,000 Bristow Group shares for approximately $687,750, reducing its position by 0.52% to 2.86 million shares. The insider also sold 12,045 shares the previous day and 41 shares two days later.
• Stock and earnings: VTOL fell to $43.80, while its latest quarterly EPS of $0.70 missed analysts’ $0.89 estimate despite revenue of $411.75 million exceeding expectations.
• Investor outlook: Bristow paid a quarterly dividend of $0.125, equivalent to a 1.1% annualized yield, and analysts maintain a “Moderate Buy” consensus with a $60 price target.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) insider Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the sale, the insider directly owned 2,861,796 shares in the company, valued at approximately $131,213,346.60. This trade represents a 0.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 transaction 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 transaction of $550,215.60.

Bristow Group Price Performance

VTOL traded down $1.39 on Thursday, reaching $43.80. 276,005 shares of the company's stock were exchanged, compared to its average volume of 223,627. The stock has a market cap of $1.30 billion, a PE ratio of 12.62 and a beta of 1.19. Bristow Group Inc. has a twelve month low of $35.03 and a twelve month high of $50.38. The stock's fifty day moving average price is $44.58 and its 200-day moving average price is $44.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85.

Bristow Group (NYSE:VTOL - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.19). The business had revenue of $411.75 million during the quarter, compared to analyst estimates of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. Sell-side analysts expect that Bristow Group Inc. will post 3.31 EPS 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 $0.125 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. Bristow Group's dividend payout ratio is currently 14.41%.

Hedge Funds Weigh In On Bristow Group

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Bristow Group in the 2nd quarter valued at approximately $25,000. Public Employees Retirement System of Ohio acquired a new position in Bristow Group during the second quarter worth $27,000. Nykredit A S purchased a new position in shares of Bristow Group during the second quarter worth $27,000. Clearstead Advisors LLC boosted its position in shares of Bristow Group by 1,450.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company's stock worth $39,000 after buying an additional 1,001 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Bristow Group by 1,645.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company's stock valued at $41,000 after buying an additional 1,053 shares in the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VTOL. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bristow Group in a research note on Friday, May 29th. Wall Street Zen downgraded shares of Bristow Group from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Zacks Research upgraded Bristow Group from a "strong sell" rating to a "hold" rating in a 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. According to data from MarketBeat, Bristow Group has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

Bristow Group Company Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow's operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world's most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.

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