Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells $316,790.00 in Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 9,875 shares of Bristow Group stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $32.08, for a total value of $316,790.00. Following the sale, the insider now directly owns 3,166,821 shares in the company, valued at approximately $101,591,617.68. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more 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 Wednesday, March 12th, Alternative Asset Manage Solus sold 100 shares of Bristow Group stock. The shares were sold at an average price of $32.00, for a total value of $3,200.00.
• On Friday, March 7th, Alternative Asset Manage Solus sold 11,829 shares of Bristow Group stock. The shares were sold at an average price of $32.71, for a total value of $386,926.59.
• On Wednesday, March 5th, Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock. The shares were sold at an average price of $32.71, for a total value of $272,245.33.

Bristow Group Stock Performance

VTOL opened at $31.38 on Friday. The business’s 50 day moving average is $34.54 and its 200-day moving average is $35.08. The stock has a market cap of $898.50 million, a PE ratio of 16.87 and a beta of 1.39. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.46. The company had revenue of $353.53 million for the quarter, compared to analysts’ expectations of $367.00 million. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%.

Institutional Investors Weigh In On Bristow Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its holdings in Bristow Group by 795.5% during the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company’s stock worth $27,000 after purchasing an additional 700 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Bristow Group during the fourth quarter worth approximately $34,000. Wolverine Asset Management LLC raised its holdings in Bristow Group by 105.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock worth $59,000 after purchasing an additional 34,400 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Bristow Group during the fourth quarter worth approximately $118,000. Finally, Aquatic Capital Management LLC bought a new stake in Bristow Group during the fourth quarter worth approximately $142,000. Institutional investors own 93.29% of the company’s stock.

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.