Insider Selling: Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells $161,775.10 in Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 4,255 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $38.02, for a total transaction of $161,775.10. Following the completion of the sale, the insider now owns 3,226,948 shares of the company’s stock, valued at $122,688,562.96. This trade represents a 0.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions 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 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 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 shares were 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 value of $2,962,500.00.

Bristow Group Stock Up 1.0 %

VTOL stock opened at $37.94 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. Bristow Group Inc. has a 12 month low of $24.33 and a 12 month high of $41.50. The firm has a market capitalization of $1.09 billion, a PE ratio of 20.40 and a beta of 1.31. The company’s 50 day simple moving average is $35.58 and its 200-day simple moving average is $35.55.

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

Institutional Trading of Bristow Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new stake in shares of Bristow Group during the 2nd quarter worth about $64,000. Innealta Capital LLC acquired a new stake in Bristow Group during the second quarter worth approximately $74,000. Abner Herrman & Brock LLC purchased a new stake in Bristow Group in the 3rd quarter worth approximately $201,000. Intech Investment Management LLC acquired a new position in Bristow Group in the 3rd quarter valued at $212,000. Finally, Quest Partners LLC lifted its stake in shares of Bristow Group by 32.7% during 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 during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Analysts Set New Price Targets

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