Bristow Group (NYSE:VTOL) Stock: Insider Alternative Asset Manage Solus Sells 897 Shares

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 897 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $43.00, for a total value of $38,571.00. Following the completion of the sale, the insider owned 2,840,436 shares in the company, valued at approximately $122,138,748. This represents a 0.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, September 22nd, Alternative Asset Manage Solus sold 377 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total transaction of $16,211.00.
• On Monday, September 14th, Alternative Asset Manage Solus sold 3,000 shares of Bristow Group stock. The shares were sold at an average price of $43.03, for a total transaction 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 transaction of $215,000.00.
• 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 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 shares were sold at an average price of $45.85, for a total value of $687,750.00.

Bristow Group Stock Performance

NYSE VTOL opened at $42.33 on Friday. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. Bristow Group Inc. has a fifty-two week low of $35.03 and a fifty-two week high of $50.38. The business has a fifty day moving average of $44.61 and a 200-day moving average of $44.49. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 12.20 and a beta of 1.19.

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

Bristow Group Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. Bristow Group’s payout ratio is 14.41%.

Analyst Ratings Changes

A number of analysts recently issued reports on VTOL shares. Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Zacks Research upgraded 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, Bristow Group has an average rating of “Moderate Buy” and an average target price of $60.00.

More Bristow Group News

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

Institutional Trading of Bristow Group

Institutional investors have recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd purchased a new stake in shares of Bristow Group during the 1st quarter valued at about $1,521,000. BlackRock Inc. purchased a new position in Bristow Group in the 2nd quarter worth approximately $162,017,000. Algert Global LLC grew its position in Bristow Group by 17.1% in the second quarter. Algert Global LLC now owns 410,059 shares of the company’s stock valued at $16,944,000 after acquiring an additional 59,858 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Bristow Group during the second quarter valued at approximately $1,960,000. Finally, Corient Private Wealth LP acquired a new position in shares of Bristow Group during the second quarter worth $1,431,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

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.