Bristow Group (NYSE:VTOL) Insider Alternative Asset Manage Solus Sells 12,045 Shares

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $45.68, for a total transaction of $550,215.60. Following the completion of the transaction, the insider owned 2,849,751 shares of the company’s stock, valued at $130,176,625.68. This represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The stock was sold at an average price of $45.75, for a total transaction of $1,875.75.
• On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The shares were sold at an average price of $45.85, for a total transaction of $687,750.00.

Bristow Group Stock Down 3.1%

Shares of NYSE:VTOL traded down $1.39 during trading hours on Thursday, reaching $43.80. The stock had a trading volume of 276,005 shares, compared to its average volume of 223,627. Bristow Group Inc. has a 1 year low of $35.03 and a 1 year high of $50.38. The firm’s 50 day moving average is $44.58 and its 200-day moving average is $44.86. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 12.62 and a beta of 1.19. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.19). The firm had revenue of $411.75 million for the quarter, compared to analysts’ expectations of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. Research analysts predict that Bristow Group Inc. will post 3.31 earnings per share for the current fiscal year.

Bristow Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.125 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. Bristow Group’s dividend payout ratio (DPR) is currently 14.41%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VTOL. PNC Financial Services Group Inc. boosted its holdings in shares of Bristow Group by 8.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,509 shares of the company’s stock valued at $211,000 after acquiring an additional 340 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Bristow Group by 1.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,886 shares of the company’s stock worth $801,000 after acquiring an additional 368 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Bristow Group by 0.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 79,189 shares of the company’s stock valued at $2,900,000 after acquiring an additional 402 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Bristow Group by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock valued at $461,000 after acquiring an additional 609 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Bristow Group in the 2nd quarter valued at $27,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on VTOL. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen cut Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Bristow Group Company Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.