Alternative Asset Manage Solus Sells 5,000 Shares of Bristow Group (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $43.00, for a total value of $215,000.00. Following the sale, the insider directly owned 2,844,710 shares in the company, valued at $122,322,530. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 transaction of $129,090.00.
• 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 transaction 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 transaction 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 transaction of $687,750.00.

Bristow Group Stock Performance

Bristow Group stock opened at $41.45 on Thursday. The company’s 50-day moving average price is $44.79 and its 200-day moving average price is $44.64. Bristow Group Inc. has a twelve month low of $35.03 and a twelve month high of $50.38. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. The company has a market cap of $1.23 billion, a PE ratio of 11.95 and a beta of 1.19.

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

Bristow Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 14th. Bristow Group’s dividend payout ratio (DPR) is 14.41%.

Institutional Trading of Bristow Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP lifted its stake in Bristow Group by 17.4% in the second quarter. Engineers Gate Manager LP now owns 6,160 shares of the company’s stock worth $255,000 after acquiring an additional 914 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Bristow Group during the 2nd quarter valued at about $42,000. Squarepoint Ops LLC raised its holdings in shares of Bristow Group by 10.6% in the 2nd quarter. Squarepoint Ops LLC now owns 57,920 shares of the company’s stock valued at $2,393,000 after purchasing an additional 5,533 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Bristow Group by 128.3% in the 2nd quarter. Allworth Financial LP now owns 1,032 shares of the company’s stock valued at $43,000 after purchasing an additional 580 shares in the last quarter. Finally, Nykredit A S purchased a new stake in shares of Bristow Group in the 2nd quarter worth approximately $27,000. 93.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VTOL has been the subject of a number of recent analyst reports. Zacks Research upgraded Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.00.

Bristow Group Company Profile

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.