Bristow Group Inc. (NYSE:VTOL) Major Shareholder Alternative Asset Manage Solus Sells 45,000 Shares

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 45,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $36.20, for a total transaction of $1,629,000.00. Following the sale, the insider now directly owns 3,231,203 shares of the company’s stock, valued at approximately $116,969,548.60. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% 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 Wednesday, November 13th, Alternative Asset Manage Solus sold 714 shares of Bristow Group stock. The shares were sold at an average price of $38.02, for a total transaction of $27,146.28.
• 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 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 value of $2,962,500.00.

Bristow Group Trading Down 0.4 %

VTOL traded down $0.15 during trading on Friday, reaching $36.61. The company had a trading volume of 151,478 shares, compared to its average volume of 121,346. Bristow Group Inc. has a 52 week low of $24.33 and a 52 week high of $41.50. The stock has a market cap of $1.05 billion, a P/E ratio of 19.77 and a beta of 1.31. The business has a 50 day simple moving average of $35.05 and a 200-day simple moving average of $34.97. 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 (NYSE:VTOL) last released its earnings results on Tuesday, November 5th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.34. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The business had revenue of $365.12 million during the quarter. During the same quarter last year, the business posted $0.41 earnings per share.

Institutional Trading of Bristow Group

Several institutional investors and hedge funds have recently made changes to their positions in VTOL. Driehaus Capital Management LLC bought a new stake in shares of Bristow Group in the second quarter valued at about $4,615,000. Empyrean Capital Partners LP grew its stake in Bristow Group by 9.0% in the second quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company’s stock valued at $37,554,000 after purchasing an additional 92,086 shares during the last quarter. Clayton Partners LLC grew its stake in Bristow Group by 25.6% in the second quarter. Clayton Partners LLC now owns 434,923 shares of the company’s stock valued at $14,583,000 after purchasing an additional 88,742 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Bristow Group by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,492,128 shares of the company’s stock valued at $50,031,000 after purchasing an additional 87,969 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Bristow Group by 16.6% in the second quarter. American Century Companies Inc. now owns 321,157 shares of the company’s stock valued at $10,768,000 after purchasing an additional 45,738 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Benchmark raised their price target on Bristow Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research report 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.