Bristow Group (NYSE:VTOL) Director George Mark Mickelson Sells 10,000 Shares

Bristow Group Inc. (NYSE:VTOL) Director George Mark Mickelson sold 10,000 shares of Bristow Group stock in a transaction on Monday, November 17th. The stock was sold at an average price of $38.40, for a total transaction of $384,000.00. Following the transaction, the director directly owned 60,265 shares in the company, valued at $2,314,176. This represents a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bristow Group Stock Up 0.5%

Shares of VTOL stock traded up $0.20 on Tuesday, hitting $37.28. The stock had a trading volume of 148,344 shares, compared to its average volume of 167,064. Bristow Group Inc. has a 12-month low of $25.11 and a 12-month high of $42.89. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.81 and a quick ratio of 1.44. The business has a 50 day moving average of $38.10 and a 200 day moving average of $35.40. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 9.30 and a beta of 1.34.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.78. Bristow Group had a return on equity of 12.86% and a net margin of 8.24%.The firm had revenue of $386.29 million during the quarter, compared to the consensus estimate of $400.00 million.

Institutional Investors Weigh In On Bristow Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in shares of Bristow Group by 38.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,159 shares of the company’s stock worth $131,000 after purchasing an additional 1,147 shares during the last quarter. Federated Hermes Inc. grew its stake in Bristow Group by 74.7% in the 1st quarter. Federated Hermes Inc. now owns 912 shares of the company’s stock worth $29,000 after buying an additional 390 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Bristow Group by 23.9% in the 1st quarter. Voya Investment Management LLC now owns 55,523 shares of the company’s stock worth $1,753,000 after buying an additional 10,720 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Bristow Group by 26.7% in the 1st quarter. Public Sector Pension Investment Board now owns 78,099 shares of the company’s stock worth $2,466,000 after buying an additional 16,478 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Bristow Group by 72.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 19,335 shares of the company’s stock valued at $637,000 after buying an additional 8,102 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VTOL. Wall Street Zen upgraded Bristow Group from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

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.