Lorin L. Brass Sells 5,250 Shares of Bristow Group Inc. (NYSE:VTOL) Stock

Key Points

• Lorin L. Brass, a director of Bristow Group Inc., sold 5,250 shares of the company's stock at an average price of $37.47, reducing his ownership by 16.43% and leaving him with 26,705 shares.
• Bristow Group reported $1.07 earnings per share for the last quarter, exceeding analysts' expectations of $0.76, but had revenue of $376.43 million, slightly below the projected $380 million.
• Institutional investors control 93.29% of Bristow Group's stock, with significant increases reported by several firms, including SG Americas Securities LLC, which boosted its holdings by 244.6% in the first quarter.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Lorin L. Brass sold 5,250 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $37.47, for a total value of $196,717.50. Following the completion of the transaction, the director owned 26,705 shares of the company's stock, valued at $1,000,636.35. The trade was a 16.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Bristow Group Trading Down 0.9%

VTOL stock traded down $0.34 during trading on Monday, hitting $37.66. 178,329 shares of the company traded hands, compared to its average volume of 177,125. The firm has a market capitalization of $1.08 billion, a PE ratio of 9.39 and a beta of 1.32. 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 of $34.29 and a 200-day moving average of $32.46. 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 (NYSE:VTOL - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.07 earnings per share 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 return on equity of 12.86% and a net margin of 8.24%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VTOL. New York State Teachers Retirement System boosted its stake in shares of Bristow Group by 10.2% in the 1st quarter. New York State Teachers Retirement System now owns 18,389 shares of the company's stock worth $581,000 after buying an additional 1,706 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Bristow Group by 244.6% in the first quarter. SG Americas Securities LLC now owns 17,870 shares of the company's stock worth $564,000 after purchasing an additional 12,684 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Bristow Group in the first quarter worth about $451,000. GAMMA Investing LLC increased its holdings in shares of Bristow Group by 3,773.3% in the first quarter. GAMMA Investing LLC now owns 23,085 shares of the company's stock worth $731,000 after purchasing an additional 22,489 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in Bristow Group by 17.3% in the fourth quarter. Nuveen Asset Management LLC now owns 75,121 shares of the company's stock worth $2,577,000 after acquiring an additional 11,061 shares in the last quarter. 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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