Bristow Group Inc. (NYSE:VTOL) Major Shareholder Alternative Asset Manage Solus Sells 42,150 Shares

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 42,150 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $38.10, for a total transaction of $1,605,915.00. Following the transaction, the insider now owns 3,306,855 shares of the company’s stock, valued at $125,991,175.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 transaction of $104,109.39.
• 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

NYSE:VTOL traded down $0.06 during midday trading on Tuesday, reaching $37.80. The stock had a trading volume of 148,506 shares, compared to its average volume of 121,215. The company has a quick ratio of 1.53, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 12-month low of $24.33 and a 12-month high of $41.50. The stock has a market cap of $1.08 billion, a P/E ratio of 20.35 and a beta of 1.31. The firm has a fifty day simple moving average of $35.10 and a two-hundred day simple moving average of $34.87.

Bristow Group (NYSE:VTOL) last posted its earnings results on Tuesday, November 5th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.34. The company had revenue of $365.12 million for the quarter. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. During the same quarter in the previous year, the business posted $0.41 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VTOL. nVerses Capital LLC purchased a new stake in Bristow Group during the second quarter worth about $64,000. Innealta Capital LLC purchased a new stake in shares of Bristow Group during the 2nd quarter valued at about $74,000. Abner Herrman & Brock LLC bought a new position in Bristow Group in the 3rd quarter worth approximately $201,000. Intech Investment Management LLC bought a new stake in Bristow Group in the third quarter worth $212,000. Finally, Quest Partners LLC increased its stake in Bristow Group by 32.7% in the third quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock worth $213,000 after purchasing an additional 1,511 shares during the period. Institutional investors own 93.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark lifted their price objective on shares of Bristow Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research note 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.