Insider Selling: Bristow Group Inc. (NYSE:VTOL) Director Sells 5,250 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) Director Lorin L. Brass sold 5,250 shares of Bristow Group stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $37.47, for a total value of $196,717.50. Following the transaction, the director owned 26,705 shares of the company’s stock, valued at approximately $1,000,636.35. This represents a 16.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Bristow Group Stock Down 0.9%

Shares of VTOL stock opened at $37.66 on Tuesday. The stock has a 50 day moving average of $34.29 and a 200 day moving average of $32.46. The company has a current ratio of 1.81, a quick ratio of 1.44 and a debt-to-equity ratio of 0.69. The stock has a market cap of $1.08 billion, a P/E ratio of 9.39 and a beta of 1.32. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $39.91.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.31. The company had revenue of $376.43 million during the quarter, compared to analysts’ expectations of $380.00 million. Bristow Group had a return on equity of 12.86% and a net margin of 8.24%.

Institutional Trading of Bristow Group

Institutional investors and hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System increased its position in shares of Bristow Group by 10.2% in the first quarter. New York State Teachers Retirement System now owns 18,389 shares of the company’s stock valued at $581,000 after buying an additional 1,706 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Bristow Group by 244.6% in the first quarter. SG Americas Securities LLC now owns 17,870 shares of the company’s stock valued at $564,000 after buying an additional 12,684 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Bristow Group in the first quarter valued at approximately $451,000. GAMMA Investing LLC increased its position in shares of Bristow Group by 3,773.3% in the first quarter. GAMMA Investing LLC now owns 23,085 shares of the company’s stock valued at $731,000 after buying an additional 22,489 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Bristow Group by 17.3% in the fourth quarter. Nuveen Asset Management LLC now owns 75,121 shares of the company’s stock valued at $2,577,000 after buying an additional 11,061 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

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.