Lorin L. Brass Sells 2,700 Shares of Bristow Group Inc. (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) Director Lorin L. Brass sold 2,700 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the sale, the director now directly owns 28,104 shares in the company, valued at approximately $1,039,848. The trade was a 8.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bristow Group Stock Performance

NYSE:VTOL opened at $33.12 on Wednesday. The business’s 50-day moving average price is $35.27 and its two-hundred day moving average price is $35.62. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50. The stock has a market cap of $948.16 million, a P/E ratio of 17.81 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.61 by $0.46. The firm had revenue of $353.53 million for the quarter, compared to analyst estimates of $367.00 million. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%.

Hedge Funds Weigh In On Bristow Group

Several institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp bought a new position in Bristow Group during the 4th quarter worth approximately $366,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Bristow Group by 2.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,402 shares of the company’s stock worth $906,000 after acquiring an additional 723 shares during the last quarter. Western Standard LLC grew its position in Bristow Group by 41.5% during the 4th quarter. Western Standard LLC now owns 563,318 shares of the company’s stock worth $19,322,000 after acquiring an additional 165,318 shares during the last quarter. Taconic Capital Advisors LP grew its position in Bristow Group by 4.9% during the 4th quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company’s stock worth $37,659,000 after acquiring an additional 50,900 shares during the last quarter. Finally, State of Wyoming grew its position in Bristow Group by 237.3% during the 4th quarter. State of Wyoming now owns 9,088 shares of the company’s stock worth $312,000 after acquiring an additional 6,394 shares during the last quarter. 93.29% of the stock is currently 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.