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

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 714 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $38.02, for a total value of $27,146.28. Following the transaction, the insider now directly owns 3,276,203 shares in the company, valued at approximately $124,561,238.06. This represents a 0.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 shares were 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 value 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 value 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 Price Performance

Shares of NYSE VTOL opened at $36.61 on Friday. The firm’s 50-day simple moving average is $35.06 and its 200 day simple moving average is $35.04. The stock 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 quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a fifty-two week low of $24.33 and a fifty-two week high of $41.50.

Bristow Group (NYSE:VTOL) last announced its earnings results on Tuesday, November 5th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.61 by $0.34. The firm 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 period in the previous year, the firm earned $0.41 EPS.

Analyst Ratings Changes

Separately, Benchmark raised 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.

Institutional Investors Weigh In On Bristow Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in Bristow Group by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 563,014 shares of the company’s stock valued at $19,535,000 after purchasing an additional 13,320 shares during the period. Barclays PLC raised its position in Bristow Group by 287.1% during the third quarter. Barclays PLC now owns 37,691 shares of the company’s stock valued at $1,308,000 after buying an additional 27,953 shares during the period. Jane Street Group LLC lifted its stake in Bristow Group by 19.3% in the 3rd quarter. Jane Street Group LLC now owns 22,875 shares of the company’s stock worth $794,000 after acquiring an additional 3,696 shares in the last quarter. Western Standard LLC boosted its position in Bristow Group by 8.0% during the 3rd quarter. Western Standard LLC now owns 398,000 shares of the company’s stock worth $13,807,000 after acquiring an additional 29,600 shares during the period. Finally, State Street Corp grew its stake in Bristow Group by 2.1% during the 3rd quarter. State Street Corp now owns 937,527 shares of the company’s stock valued at $32,523,000 after acquiring an additional 19,317 shares in the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

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.