Bristow Group Inc. (NYSE:VTOL) Major Shareholder Alternative Asset Manage Solus Sells 714 Shares

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 714 shares of Bristow Group stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $38.02, for a total transaction of $27,146.28. Following the transaction, the insider now owns 3,276,203 shares in the company, valued at approximately $124,561,238.06. This trade represents a 0.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, November 15th, Alternative Asset Manage Solus sold 45,000 shares of Bristow Group stock. The stock was sold at an average price of $36.20, for a total transaction of $1,629,000.00.
• On Monday, November 11th, Alternative Asset Manage Solus sold 2,739 shares of Bristow Group stock. The stock was sold at an average price of $38.01, for a total transaction of $104,109.39.
• On Thursday, November 7th, Alternative Asset Manage Solus sold 42,150 shares of Bristow Group stock. The stock was sold at an average price of $38.10, for a total transaction of $1,605,915.00.
• On Friday, August 30th, Alternative Asset Manage Solus sold 75,000 shares of Bristow Group stock. The shares were sold at an average price of $39.50, for a total transaction of $2,962,500.00.

Bristow Group Trading Down 0.4 %

VTOL stock traded down $0.15 during midday trading on Friday, hitting $36.61. The stock had a trading volume of 151,478 shares, compared to its average volume of 121,346. The firm has a market cap of $1.05 billion, a P/E ratio of 19.68 and a beta of 1.31. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 1-year low of $24.33 and a 1-year high of $41.50. The business has a fifty day moving average price of $35.05 and a two-hundred day moving average price of $34.97.

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

Hedge Funds Weigh In On Bristow Group

Several institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC bought a new stake in shares of Bristow Group during the second quarter worth about $64,000. Innealta Capital LLC bought a new stake in Bristow Group in the 2nd quarter worth about $74,000. Abner Herrman & Brock LLC bought a new stake in Bristow Group in the 3rd quarter worth about $201,000. Intech Investment Management LLC bought a new stake in Bristow Group in the 3rd quarter worth about $212,000. Finally, Quest Partners LLC grew its position in Bristow Group by 32.7% in the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock worth $213,000 after purchasing an additional 1,511 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark boosted their target price on shares of Bristow Group from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, August 8th.

Bristow Group Company Profile

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.