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 on Monday, August 11th. The stock was sold at an average price of $37.47, for a total transaction of $196,717.50. Following the completion of the transaction, the director directly owned 26,705 shares of the company's stock, valued at $1,000,636.35. This represents a 16.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Bristow Group Price Performance

VTOL stock traded down $0.27 during mid-day trading on Friday, hitting $37.41. The company had a trading volume of 17,572 shares, compared to its average volume of 162,407. The company has a 50-day moving average price of $34.78 and a 200 day moving average price of $32.56. The company has a quick ratio of 1.44, a current ratio of 1.81 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.30 and a beta of 1.32. Bristow Group Inc. has a 12-month low of $25.11 and a 12-month high of $39.91.

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 analysts' consensus estimates of $0.76 by $0.31. Bristow Group had a net margin of 8.24% and a return on equity of 12.86%. The firm had revenue of $376.43 million for the quarter, compared to the consensus estimate of $380.00 million.

Institutional Investors Weigh In On Bristow Group

Several institutional investors and hedge funds have recently made changes to their positions in VTOL. Raymond James Financial Inc. purchased a new stake in shares of Bristow Group during the second quarter worth about $25,000. Sterling Capital Management LLC increased its stake in shares of Bristow Group by 795.5% during the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock worth $27,000 after purchasing an additional 700 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Bristow Group by 74.7% during the first quarter. Federated Hermes Inc. now owns 912 shares of the company's stock worth $29,000 after purchasing an additional 390 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Bristow Group during the fourth quarter worth about $34,000. Finally, Strs Ohio purchased a new stake in shares of Bristow Group during the first quarter worth about $44,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

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.