Bristow Group (NYSE:VTOL) Shares Down 4.4% – What’s Next?

Bristow Group Inc. (NYSE:VTOL)’s share price traded down 4.4% during mid-day trading on Friday . The company traded as low as $34.27 and last traded at $34.40. 62,416 shares were traded during mid-day trading, a decline of 48% from the average session volume of 120,631 shares. The stock had previously closed at $35.99.

Wall Street Analysts Forecast Growth

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

Bristow Group Stock Down 4.0 %

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. The firm has a 50 day simple moving average of $35.73 and a two-hundred day simple moving average of $35.61. The stock has a market cap of $989.38 million, a P/E ratio of 19.35 and a beta of 1.34.

Bristow Group (NYSE:VTOL) last announced its earnings results on Tuesday, November 5th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.61 by $0.34. The firm had revenue of $365.12 million for the quarter. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. During the same period in the previous year, the firm earned $0.41 EPS.

Insider Buying and Selling

In other news, major shareholder Alternative Asset Manage Solus sold 45,000 shares of Bristow Group stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $36.20, for a total transaction of $1,629,000.00. Following the sale, the insider now directly owns 3,231,203 shares in the company, valued at approximately $116,969,548.60. The trade was a 1.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 94,858 shares of company stock worth $3,527,946 in the last quarter. 14.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bristow Group

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Bristow Group by 0.4% during the first quarter. Vanguard Group Inc. now owns 1,698,384 shares of the company’s stock worth $46,196,000 after purchasing an additional 6,152 shares in the last quarter. Comerica Bank raised its holdings in Bristow Group by 103.1% in the first quarter. Comerica Bank now owns 22,504 shares of the company’s stock worth $612,000 after purchasing an additional 11,425 shares during the period. Perennial Advisors LLC acquired a new stake in Bristow Group in the second quarter worth $235,000. Bank of New York Mellon Corp raised its holdings in Bristow Group by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 185,104 shares of the company’s stock worth $6,207,000 after purchasing an additional 5,402 shares during the period. Finally, Bailard Inc. acquired a new stake in Bristow Group in the second quarter worth $241,000. 93.29% of the stock is owned by institutional investors.

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.