Insider Selling: Bristow Group (NYSE:VTOL) Director Sells 2,200 Shares

Key Points

• Director Maryanne Miller sold 2,200 shares on March 4 at an average price of $44.90 for about $98,780, trimming her stake by 9.8% to 20,252 shares, per an SEC filing.
• Bristow beat EPS expectations with $0.61 per share (vs. $0.46 est.) on $377.3M revenue (slightly below estimates) and announced a quarterly dividend of $0.125 per share (ex-dividend Mar 13; payable Mar 26), equal to $0.50 annually (1.1% yield).
• Shares traded down 0.8% to $44.53 with a market cap of about $1.3B, and analysts show a mixed outlook — consensus rating “Moderate Buy” with a $60 target amid several recent upgrades and downgrades.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Maryanne Miller sold 2,200 shares of Bristow Group stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $44.90, for a total transaction of $98,780.00. Following the sale, the director owned 20,252 shares of the company's stock, valued at $909,314.80. The trade was a 9.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bristow Group Stock Down 0.8%

NYSE:VTOL traded down $0.34 during trading hours on Thursday, reaching $44.53. The company's stock had a trading volume of 193,573 shares, compared to its average volume of 209,513. The stock has a 50 day moving average price of $42.64 and a two-hundred day moving average price of $39.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.54 and a current ratio of 1.90. The company has a market capitalization of $1.30 billion, a P/E ratio of 10.31 and a beta of 1.35. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $49.55.

Bristow Group (NYSE:VTOL - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.15. Bristow Group had a net margin of 8.66% and a return on equity of 12.87%. The business had revenue of $377.26 million for the quarter, compared to analysts' expectations of $380.33 million.

Bristow Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, March 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VTOL shares. Wall Street Zen lowered shares of Bristow Group from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Raymond James Financial began coverage on shares of Bristow Group in a research note on Tuesday, February 17th. They set an "outperform" rating and a $60.00 price objective for the company. JonesTrading started coverage on shares of Bristow Group in a research note on Friday, January 23rd. They issued a "buy" rating on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Bristow Group in a research report on Wednesday, January 21st. Finally, Zacks Research raised shares of Bristow Group to a "hold" rating in a research note on Thursday, February 19th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Bristow Group currently has an average rating of "Moderate Buy" and a consensus target price of $60.00.

Institutional Trading of Bristow Group

A number of hedge funds and other institutional investors have recently modified their holdings of VTOL. Empowered Funds LLC grew its stake in shares of Bristow Group by 22.5% in the second quarter. Empowered Funds LLC now owns 127,942 shares of the company's stock valued at $4,218,000 after buying an additional 23,473 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Bristow Group during the 3rd quarter worth about $3,540,000. Kestrel Investment Management Corp purchased a new position in Bristow Group during the 3rd quarter valued at about $4,876,000. 683 Capital Management LLC acquired a new position in Bristow Group in the 2nd quarter valued at about $2,906,000. Finally, CenterBook Partners LP increased its stake in Bristow Group by 149.9% during the third quarter. CenterBook Partners LP now owns 93,894 shares of the company's stock worth $3,388,000 after purchasing an additional 56,314 shares during the period. 93.29% of the stock is owned by institutional investors and hedge funds.

About Bristow Group

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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