Alternative Asset Manage Solus Sells 45,000 Shares of Bristow Group Inc. (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) 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 value of $1,629,000.00. Following the completion of the sale, the insider now directly owns 3,231,203 shares in the company, valued at $116,969,548.60. This represents a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, November 13th, Alternative Asset Manage Solus sold 714 shares of Bristow Group stock. The stock was sold at an average price of $38.02, for a total value of $27,146.28.
• On Monday, November 11th, Alternative Asset Manage Solus sold 2,739 shares of Bristow Group stock. The shares were sold at an average price of $38.01, for a total value of $104,109.39.
• On Thursday, November 7th, Alternative Asset Manage Solus sold 42,150 shares of Bristow Group stock. The stock was 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 stock was sold at an average price of $39.50, for a total transaction of $2,962,500.00.

Bristow Group Stock Performance

Shares of NYSE VTOL opened at $36.61 on Friday. Bristow Group Inc. has a 52 week low of $24.33 and a 52 week high of $41.50. The stock has a market capitalization of $1.05 billion, a PE ratio of 19.68 and a beta of 1.31. 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 stock has a 50 day moving average price of $35.06 and a 200 day moving average price of $35.04.

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, 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 firm had revenue of $365.12 million for the quarter. During the same period last year, the company posted $0.41 earnings per share.

Hedge Funds Weigh In On Bristow Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. nVerses Capital LLC bought a new position in Bristow Group during the second quarter worth $64,000. Innealta Capital LLC bought a new stake in shares of Bristow Group in the second quarter valued at approximately $74,000. Abner Herrman & Brock LLC bought a new position in shares of Bristow Group in the third quarter worth $201,000. Intech Investment Management LLC acquired a new position in Bristow Group in the third quarter valued at about $212,000. Finally, Quest Partners LLC raised its position in shares of Bristow Group by 32.7% in the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock valued at $213,000 after buying an additional 1,511 shares in the last quarter. Institutional investors own 93.29% of the company’s stock.

Wall Street Analyst Weigh In

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

About Bristow Group

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.