Bristow Group (NYSE:VTOL) Major Shareholder Alternative Asset Manage Solus Sells 200,000 Shares

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 200,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $38.05, for a total value of $7,610,000.00. Following the completion of the sale, the insider directly owned 2,876,796 shares in the company, valued at approximately $109,462,087.80. The trade was a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Bristow Group Trading Up 0.5%

NYSE VTOL opened at $37.28 on Wednesday. The company has a market cap of $1.08 billion, a P/E ratio of 9.30 and a beta of 1.34. 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 company has a 50-day moving average of $38.09 and a 200-day moving average of $35.45.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VTOL. Brown Advisory Inc. grew its stake in Bristow Group by 21.3% in the second quarter. Brown Advisory Inc. now owns 1,224,954 shares of the company’s stock worth $40,387,000 after purchasing an additional 215,214 shares in the last quarter. Kestrel Investment Management Corp bought a new position in Bristow Group during the 3rd quarter worth approximately $4,876,000. Arrowstreet Capital Limited Partnership lifted its holdings in Bristow Group by 176.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 210,768 shares of the company’s stock worth $7,605,000 after buying an additional 134,616 shares during the last quarter. Donald Smith & CO. Inc. grew its position in shares of Bristow Group by 112.6% in the 2nd quarter. Donald Smith & CO. Inc. now owns 250,953 shares of the company’s stock worth $8,274,000 after acquiring an additional 132,926 shares in the last quarter. Finally, Algert Global LLC increased its holdings in shares of Bristow Group by 204.9% in the 3rd quarter. Algert Global LLC now owns 158,498 shares of the company’s stock valued at $5,719,000 after acquiring an additional 106,514 shares during the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Bristow Group from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company 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.