Bristow Group (NYSE:VTOL) Stock: Insider Alternative Asset Manage Solus Sells 377 Shares

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 377 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $43.00, for a total transaction of $16,211.00. Following the transaction, the insider owned 2,841,333 shares in the company, valued at $122,177,319. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, September 23rd, Alternative Asset Manage Solus sold 897 shares of Bristow Group stock. The shares were sold at an average price of $43.00, for a total transaction of $38,571.00.
• On Monday, September 14th, Alternative Asset Manage Solus sold 3,000 shares of Bristow Group stock. The stock was sold at an average price of $43.03, for a total value of $129,090.00.
• On Friday, September 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total value of $215,000.00.
• On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The shares were sold at an average price of $45.75, for a total value of $1,875.75.
• On Wednesday, September 2nd, Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock. The shares were sold at an average price of $45.68, for a total value of $550,215.60.
• On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The stock was sold at an average price of $45.85, for a total value of $687,750.00.

Bristow Group Stock Down 1.1%

VTOL stock opened at $42.33 on Friday. The firm has a market capitalization of $1.25 billion, a PE ratio of 12.20 and a beta of 1.19. The business’s 50 day simple moving average is $44.61 and its 200 day simple moving average is $44.49. Bristow Group Inc. has a 1-year low of $35.03 and a 1-year high of $50.38. The company has a current ratio of 2.26, a quick ratio of 1.85 and a debt-to-equity ratio of 0.66.

Bristow Group (NYSE:VTOL) last announced its earnings results on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.19). Bristow Group had a return on equity of 9.82% and a net margin of 6.66%.The company had revenue of $411.75 million for the quarter, compared to the consensus estimate of $407.28 million. As a group, research analysts anticipate that Bristow Group Inc. will post 3.31 EPS for the current year.

Bristow Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.1250 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 14th. Bristow Group’s payout ratio is currently 14.41%.

Analysts Set New Price Targets

Several analysts recently weighed in on VTOL shares. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VTOL. BlackRock Inc. acquired a new stake in shares of Bristow Group in the 2nd quarter valued at approximately $162,017,000. Encompass Capital Advisors LLC bought a new position in Bristow Group in the 4th quarter valued at approximately $25,613,000. Fearnley Asset Management AS bought a new position in Bristow Group in the 4th quarter valued at approximately $16,942,000. Bank of New York Mellon Corp acquired a new stake in Bristow Group in the second quarter valued at approximately $7,463,000. Finally, Empowered Funds LLC acquired a new stake in Bristow Group in the second quarter valued at approximately $6,290,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group News Roundup

Here are the key news stories impacting Bristow Group this week:

• Positive Sentiment: Institutional investors remain a significant source of support. BlackRock established a position valued at approximately $162 million, while Dimensional Fund Advisors and Algert Global increased their holdings. Institutions and hedge funds collectively own about 93.3% of VTOL shares. Institutional ownership article
• Positive Sentiment: Analyst sentiment remains constructive, with three Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $60.00. Bristow also maintains a quarterly dividend of $0.125, or approximately $0.50 annually. Analyst ratings article
• Neutral Sentiment: The latest quarter showed revenue of roughly $411.8 million, slightly ahead of estimates, but earnings per share of $0.70 missed the $0.89 consensus. The earnings shortfall remains an overhang, despite analysts forecasting about $3.31 in full-year EPS. Quarterly results article
• Negative Sentiment: Director Lorin Brass sold 1,000 shares on September 21 and another 3,000 shares on September 22 for a combined $168,800. The transactions reduced his direct ownership by approximately 22.9%, making the director sale more notable than the small-dollar transactions by other insiders. Director sale article
• Negative Sentiment: Alternative Asset Management Solus sold 377 shares for $16,211 on September 22 and 897 shares for $38,571 on September 23. Although repeated selling may weigh on sentiment, the latest 1,274 shares represented only about 0.04% of Solus’s remaining 2.84 million-share position, limiting the direct financial impact. Solus insider sales article

About Bristow Group

Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.

Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.