Bristow Group (NYSE:VTOL) Shares Down 2.8%

Bristow Group Inc. (NYSE:VTOL) shares fell 2.8% on Tuesday . The stock traded as low as $37.02 and last traded at $37.03. 22,642 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 121,767 shares. The stock had previously closed at $38.09.

Analysts Set New Price Targets

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

Bristow Group Stock Down 2.9 %

The stock has a market capitalization of $1.05 billion, a P/E ratio of 925.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.73 and a quick ratio of 1.39. The stock has a fifty day moving average price of $34.59 and a 200 day moving average price of $30.62.

Insiders Place Their Bets

In other news, EVP David F. Stepanek sold 16,667 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $32.92, for a total value of $548,677.64. Following the completion of the transaction, the executive vice president now directly owns 47,668 shares in the company, valued at $1,569,230.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP David F. Stepanek sold 16,667 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $32.92, for a total value of $548,677.64. Following the transaction, the executive vice president now owns 47,668 shares of the company’s stock, valued at $1,569,230.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Brian D. Truelove sold 3,000 shares of Bristow Group stock in a transaction on Friday, August 9th. The shares were sold at an average price of $37.09, for a total value of $111,270.00. Following the sale, the director now directly owns 33,504 shares of the company’s stock, valued at approximately $1,242,663.36. The disclosure for this sale can be found here. 14.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bristow Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new position in shares of Bristow Group in the 2nd quarter worth about $64,000. Innealta Capital LLC purchased a new stake in Bristow Group in the second quarter worth approximately $74,000. Perennial Advisors LLC bought a new position in Bristow Group during the second quarter valued at approximately $235,000. Bailard Inc. purchased a new position in shares of Bristow Group during the second quarter worth approximately $241,000. Finally, XTX Topco Ltd bought a new stake in shares of Bristow Group in the 2nd quarter worth approximately $303,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

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.