Insider Selling: Bristow Group Inc. (NYSE:VTOL) Director Sells 1,800 Shares of Stock

Key Points

• Bristow Group Inc. Director Maryanne Miller sold 1,800 shares at an average price of $38.37, totaling approximately $69,066, resulting in a 7.42% decrease in her ownership.
• The company reported $1.07 earnings per share for the quarter, exceeding the consensus estimate of $0.76, although revenue was slightly below expectations at $376.43 million.
• Institutional investors own 93.29% of Bristow Group's stock, with significant increases in positions by entities such as the State of Tennessee Department of Treasury and BNP Paribas Financial Markets.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Maryanne Miller sold 1,800 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.37, for a total transaction of $69,066.00. Following the completion of the sale, the director directly owned 22,452 shares of the company's stock, valued at approximately $861,483.24. This trade represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Bristow Group Trading Up 0.6%

Bristow Group stock traded up $0.24 during trading hours on Friday, hitting $37.92. The company had a trading volume of 140,138 shares, compared to its average volume of 163,151. The firm has a market cap of $1.09 billion, a P/E ratio of 9.46 and a beta of 1.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.44 and a current ratio of 1.81. Bristow Group Inc. has a 1 year low of $25.11 and a 1 year high of $39.91. The company has a 50-day moving average price of $34.78 and a two-hundred day moving average price of $32.56.

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

Institutional Investors Weigh In On Bristow Group

Several hedge funds have recently modified their holdings of the business. State of Tennessee Department of Treasury lifted its position in shares of Bristow Group by 26.5% in the 2nd quarter. State of Tennessee Department of Treasury now owns 15,836 shares of the company's stock worth $522,000 after purchasing an additional 3,318 shares during the period. Taconic Capital Advisors LP lifted its position in shares of Bristow Group by 6.4% in the 2nd quarter. Taconic Capital Advisors LP now owns 1,331,073 shares of the company's stock worth $43,885,000 after purchasing an additional 80,000 shares during the period. Man Group plc purchased a new stake in shares of Bristow Group in the 2nd quarter worth approximately $664,000. Lazard Asset Management LLC purchased a new stake in shares of Bristow Group in the 2nd quarter worth approximately $550,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Bristow Group by 68.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,834 shares of the company's stock worth $93,000 after purchasing an additional 1,150 shares during the period. Hedge funds and other institutional investors 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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