Insider Selling: Bristow Group Inc. (NYSE:VTOL) CFO Sells 5,000 Shares of Stock

Key Points

• Bristow Group's CFO, Jennifer Dawn Whalen, sold 5,000 shares at an average price of $37.55, resulting in a transaction worth $187,750 and a 5.04% decrease in her holdings.
• Despite the insider selling, analysts reported that Bristow Group exceeded earnings expectations with an EPS of $1.07, beating the consensus estimate by $0.31.
• The stock recently experienced a 1.2% decline during trading, closing at $37.99, amidst a trading volume of 188,004 shares compared to its average of 162,686.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) CFO Jennifer Dawn Whalen sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $37.55, for a total value of $187,750.00. Following the transaction, the chief financial officer directly owned 94,203 shares in the company, valued at $3,537,322.65. This trade represents a 5.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bristow Group Stock Down 1.2%

Shares of NYSE VTOL traded down $0.46 during trading hours on Friday, hitting $37.99. The company had a trading volume of 188,004 shares, compared to its average volume of 162,686. Bristow Group Inc. has a 1-year low of $25.11 and a 1-year high of $39.91. The company has a quick ratio of 1.47, a current ratio of 1.81 and a debt-to-equity ratio of 0.69. The firm's 50 day moving average is $33.96 and its 200-day moving average is $32.47. The stock has a market capitalization of $1.09 billion, a P/E ratio of 9.47 and a beta of 1.32.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. The company had revenue of $376.43 million during the quarter, compared to the consensus estimate of $380.00 million. Bristow Group had a net margin of 8.24% and a return on equity of 12.86%.

Hedge Funds Weigh In On Bristow Group

A number of institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System grew its position in shares of Bristow Group by 10.2% in the first quarter. New York State Teachers Retirement System now owns 18,389 shares of the company's stock valued at $581,000 after purchasing an additional 1,706 shares during the last quarter. SG Americas Securities LLC boosted its stake in Bristow Group by 244.6% in the 1st quarter. SG Americas Securities LLC now owns 17,870 shares of the company's stock valued at $564,000 after purchasing an additional 12,684 shares during the period. Assenagon Asset Management S.A. acquired a new position in Bristow Group in the 1st quarter valued at $451,000. GAMMA Investing LLC increased its position in Bristow Group by 3,773.3% during the 1st quarter. GAMMA Investing LLC now owns 23,085 shares of the company's stock worth $731,000 after buying an additional 22,489 shares during the period. Finally, Nuveen Asset Management LLC increased its position in Bristow Group by 17.3% during the 4th quarter. Nuveen Asset Management LLC now owns 75,121 shares of the company's stock worth $2,577,000 after buying an additional 11,061 shares during the period. Institutional investors and hedge funds own 93.29% of the company's stock.

Bristow Group Company Profile

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.

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