Alternative Asset Manage Solus Sells 45,857 Shares of Bristow Group Inc. (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL - Get Free Report) major shareholder Alternative Asset Manage Solus sold 45,857 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $33.49, for a total transaction of $1,535,750.93. Following the completion of the transaction, the insider now owns 3,076,796 shares of the company's stock, valued at $103,041,898.04. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, March 19th, Alternative Asset Manage Solus sold 9,875 shares of Bristow Group stock. The stock was sold at an average price of $32.08, for a total value of $316,790.00.

Bristow Group Stock Down 1.1%

Bristow Group stock traded down $0.39 during midday trading on Thursday, reaching $33.71. The stock had a trading volume of 188,998 shares, compared to its average volume of 138,264. The stock has a market capitalization of $970.12 million, a P/E ratio of 8.64 and a beta of 1.32. The firm's fifty day simple moving average is $29.91 and its 200-day simple moving average is $32.52. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 1.84. Bristow Group Inc. has a 1-year low of $25.11 and a 1-year high of $41.50.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.34. Bristow Group had a net margin of 8.09% and a return on equity of 12.95%. The business had revenue of $350.53 million for the quarter, compared to analyst estimates of $353.00 million.

Institutional Trading of Bristow Group

Hedge funds have recently modified their holdings of the stock. Voya Investment Management LLC grew its stake in Bristow Group by 23.9% in the 1st quarter. Voya Investment Management LLC now owns 55,523 shares of the company's stock valued at $1,753,000 after buying an additional 10,720 shares during the last quarter. Strs Ohio bought a new stake in shares of Bristow Group during the first quarter worth approximately $44,000. Intech Investment Management LLC grew its position in shares of Bristow Group by 27.7% in the first quarter. Intech Investment Management LLC now owns 96,935 shares of the company's stock valued at $3,061,000 after purchasing an additional 21,027 shares during the last quarter. Jane Street Group LLC grew its position in shares of Bristow Group by 178.7% in the first quarter. Jane Street Group LLC now owns 53,526 shares of the company's stock valued at $1,690,000 after purchasing an additional 34,317 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Bristow Group by 22.9% during the first quarter. Empowered Funds LLC now owns 104,469 shares of the company's stock worth $3,299,000 after purchasing an additional 19,487 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.