Alternative Asset Manage Solus Sells 4,255 Shares of Bristow Group Inc. (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 4,255 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $38.02, for a total value of $161,775.10. Following the sale, the insider now directly owns 3,226,948 shares in the company, valued at approximately $122,688,562.96. The trade was a 0.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, November 15th, Alternative Asset Manage Solus sold 45,000 shares of Bristow Group stock. The shares were sold at an average price of $36.20, for a total transaction of $1,629,000.00.
• On Wednesday, November 13th, Alternative Asset Manage Solus sold 714 shares of Bristow Group stock. The shares were sold at an average price of $38.02, for a total transaction of $27,146.28.
• On Monday, November 11th, Alternative Asset Manage Solus sold 2,739 shares of Bristow Group stock. The stock was sold at an average price of $38.01, for a total transaction of $104,109.39.
• 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 value of $1,605,915.00.
• On Friday, August 30th, Alternative Asset Manage Solus sold 75,000 shares of Bristow Group stock. The stock was sold at an average price of $39.50, for a total value of $2,962,500.00.

Bristow Group Trading Down 0.8 %

Shares of VTOL traded down $0.30 during mid-day trading on Monday, reaching $37.99. The company had a trading volume of 130,023 shares, compared to its average volume of 121,392. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 20.59 and a beta of 1.31. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $35.42 and a 200-day simple moving average of $35.48. Bristow Group Inc. has a fifty-two week low of $24.33 and a fifty-two week high of $41.50.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VTOL. The Manufacturers Life Insurance Company grew its stake in shares of Bristow Group by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock valued at $315,000 after buying an additional 620 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Bristow Group by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock worth $8,223,000 after acquiring an additional 674 shares during the period. Rhumbline Advisers grew its position in Bristow Group by 1.0% in the second quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock valued at $2,611,000 after acquiring an additional 795 shares in the last quarter. New York State Teachers Retirement System increased its stake in Bristow Group by 5.7% during the 3rd quarter. New York State Teachers Retirement System now owns 16,683 shares of the company’s stock worth $579,000 after buying an additional 900 shares during the period. Finally, Atom Investors LP lifted its holdings in Bristow Group by 1.5% in the 3rd quarter. Atom Investors LP now owns 92,536 shares of the company’s stock worth $3,210,000 after buying an additional 1,363 shares in the last quarter. 93.29% of the stock is 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.