Insider Selling: Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells 2,739 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 2,739 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $38.01, for a total transaction of $104,109.39. Following the completion of the sale, the insider now directly owns 3,303,356 shares of the company’s stock, valued at $125,560,561.56. This trade represents a 0.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, November 7th, Alternative Asset Manage Solus sold 42,150 shares of Bristow Group stock. The shares were sold at an average price of $38.10, for a total transaction of $1,605,915.00.
• On Friday, August 30th, Alternative Asset Manage Solus sold 75,000 shares of Bristow Group stock. The shares were sold at an average price of $39.50, for a total transaction of $2,962,500.00.

Bristow Group Trading Down 0.1 %

Shares of VTOL opened at $36.78 on Friday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 19.77 and a beta of 1.31. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $35.05 and a two-hundred day simple moving average of $34.97. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.61 by $0.34. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The business had revenue of $365.12 million during the quarter. During the same quarter last year, the company posted $0.41 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VTOL. Empowered Funds LLC lifted its position in Bristow Group by 8.0% during the 1st quarter. Empowered Funds LLC now owns 32,966 shares of the company’s stock valued at $897,000 after acquiring an additional 2,450 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Bristow Group during the 1st quarter valued at about $414,000. First Eagle Investment Management LLC lifted its position in Bristow Group by 73.5% during the 1st quarter. First Eagle Investment Management LLC now owns 84,144 shares of the company’s stock valued at $2,289,000 after acquiring an additional 35,644 shares during the period. Vanguard Group Inc. lifted its position in Bristow Group by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,698,384 shares of the company’s stock valued at $46,196,000 after acquiring an additional 6,152 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its position in Bristow Group by 66.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 30,299 shares of the company’s stock valued at $824,000 after acquiring an additional 12,063 shares during the period. 93.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Benchmark increased their price target on shares of Bristow Group from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 8th.

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.