Alternative Asset Manage Solus Sells 2,739 Shares of Bristow Group Inc. (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 2,739 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $38.01, for a total transaction of $104,109.39. Following the sale, the insider now directly owns 3,303,356 shares in the company, valued at approximately $125,560,561.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, November 7th, Alternative Asset Manage Solus sold 42,150 shares of Bristow Group stock. The shares were 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 stock was sold at an average price of $39.50, for a total transaction of $2,962,500.00.

Bristow Group Stock Performance

Shares of VTOL traded down $0.06 on Tuesday, reaching $37.80. 148,506 shares of the stock traded hands, compared to its average volume of 121,215. The stock’s 50-day moving average price is $35.10 and its 200-day moving average price is $34.87. Bristow Group Inc. has a 12 month low of $24.33 and a 12 month high of $41.50. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 20.32 and a beta of 1.31. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.53.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.34. The firm had revenue of $365.12 million during 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 prior year, the business earned $0.41 earnings per share.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Bristow Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in Bristow Group by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock valued at $315,000 after buying an additional 620 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bristow Group by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock valued at $8,223,000 after buying an additional 674 shares during the period. Rhumbline Advisers increased its stake in Bristow Group by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock worth $2,611,000 after buying an additional 795 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Bristow Group by 5.7% during the third quarter. New York State Teachers Retirement System now owns 16,683 shares of the company’s stock valued at $579,000 after purchasing an additional 900 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of Bristow Group by 32.7% in the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock valued at $213,000 after acquiring an additional 1,511 shares during the last quarter. 93.29% of the stock is owned by 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.