Insider Selling: Bristow Group (NYSE:VTOL) Insider Sells $38,571.00 in Stock

Key Points

• Insider selling: Alternative Asset Management Solus sold 897 Bristow Group shares for $38,571 at $43 per share, reducing its position by 0.03% to 2.84 million shares. The sale followed several other disposals in September.
• Stock and earnings: VTOL shares fell 0.1% to $42.73, while the company’s latest quarterly EPS of $0.70 missed estimates of $0.89 despite revenue exceeding expectations.
• Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with an average price target of $60 versus the current price. Institutional investors own approximately 93.29% of the company.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) insider Alternative Asset Manage Solus sold 897 shares of the business's stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $43.00, for a total transaction of $38,571.00. Following the transaction, the insider owned 2,840,436 shares in the company, valued at $122,138,748. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction 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 transaction of $129,090.00.
• On Friday, September 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were 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 transaction 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 Trading Down 0.1%

Shares of NYSE VTOL traded down $0.06 during midday trading on Wednesday, hitting $42.73. The company's stock had a trading volume of 195,018 shares, compared to its average volume of 321,866. The company has a current ratio of 2.26, a quick ratio of 1.85 and a debt-to-equity ratio of 0.66. The business's 50 day moving average is $44.68 and its two-hundred day moving average is $44.52. Bristow Group Inc. has a 12-month low of $35.03 and a 12-month high of $50.38. The firm has a market cap of $1.27 billion, a P/E ratio of 12.31 and a beta of 1.19.

Bristow Group (NYSE:VTOL - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share 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 analysts' expectations of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. As a group, equities research analysts expect 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 paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. Bristow Group's payout ratio is currently 14.41%.

Institutional Investors Weigh In On Bristow Group

A number of hedge funds have recently made changes to their positions in VTOL. Public Employees Retirement System of Ohio purchased a new position in Bristow Group in the second quarter valued at about $27,000. Nykredit A S purchased a new stake in shares of Bristow Group during the second quarter valued at about $27,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Bristow Group during the second quarter valued at about $42,000. Allworth Financial LP bought a new stake in shares of Bristow Group in the 2nd quarter valued at about $43,000. Finally, Clearstead Advisors LLC boosted its holdings in shares of Bristow Group by 1,450.7% in the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company's stock valued at $39,000 after buying an additional 1,001 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VTOL has been the subject of several research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Bristow Group in a report on Friday, May 29th. Zacks Research raised shares of Bristow Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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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