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 business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $36.20, for a total value of $1,629,000.00. Following the sale, the insider now owns 3,231,203 shares of the company’s stock, valued at approximately $116,969,548.60. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more 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 Wednesday, November 13th, Alternative Asset Manage Solus sold 714 shares of Bristow Group stock. The stock was sold at an average price of $38.02, for a total value 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 stock was 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 shares were sold at an average price of $39.50, for a total transaction of $2,962,500.00.

Bristow Group Price Performance

Bristow Group stock opened at $36.61 on Friday. The firm has a market capitalization of $1.05 billion, a P/E ratio of 19.68 and a beta of 1.31. The business has a 50-day moving average of $35.06 and a 200-day moving average of $35.04. 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 1 year low of $24.33 and a 1 year high of $41.50.

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

Wall Street Analysts Forecast Growth

Separately, Benchmark increased their price target 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

Several hedge funds have recently added to or reduced their stakes in VTOL. The Manufacturers Life Insurance Company grew its stake in Bristow Group by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock valued at $315,000 after acquiring 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 purchasing an additional 674 shares in the last quarter. Rhumbline Advisers grew its position in shares of Bristow Group by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock valued at $2,611,000 after purchasing an additional 795 shares during the period. New York State Teachers Retirement System grew its position in shares of Bristow Group by 5.7% in the 3rd 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 during the period. Finally, Atom Investors LP increased its stake in Bristow Group by 1.5% during the 3rd quarter. Atom Investors LP now owns 92,536 shares of the company’s stock worth $3,210,000 after purchasing an additional 1,363 shares in the last quarter. Institutional investors and hedge funds 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.