Bristow Group (NYSE:VTOL) Stock: Insider Alternative Asset Manage Solus Sells 1,800 Shares

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 1,800 shares of the stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $41.45, for a total value of $74,610.00. Following the completion of the sale, the insider owned 2,771,836 shares in the company, valued at approximately $114,892,602.20. The trade was a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Alternative Asset Manage Solus also recently made the following trade(s):

• On Friday, November 13th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were sold at an average price of $40.38, for a total value of $201,900.00.
• On Wednesday, November 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were sold at an average price of $41.02, for a total value of $205,100.00.
• On Tuesday, November 10th, Alternative Asset Manage Solus sold 61,800 shares of Bristow Group stock. The stock was sold at an average price of $40.37, for a total value of $2,494,866.00.
• On Wednesday, September 23rd, Alternative Asset Manage Solus sold 897 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total value of $38,571.00.
• On Tuesday, September 22nd, Alternative Asset Manage Solus sold 377 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total value of $16,211.00.
• On Monday, September 14th, Alternative Asset Manage Solus sold 3,000 shares of Bristow Group stock. The shares were sold at an average price of $43.03, for a total value of $129,090.00.
• On Friday, September 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were sold at an average price of $43.00, for a total value of $215,000.00.
• On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The shares were sold at an average price of $45.75, for a total value of $1,875.75.
• On Wednesday, September 2nd, Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock. The stock was sold at an average price of $45.68, for a total value of $550,215.60.
• On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The stock was sold at an average price of $45.85, for a total value of $687,750.00.

Bristow Group Stock Down 0.8%

Shares of VTOL stock traded down $0.31 during trading hours on Friday, reaching $40.38. 302,876 shares of the stock were exchanged, compared to its average volume of 268,406. The business’s fifty day moving average is $40.77 and its two-hundred day moving average is $43.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.99 and a quick ratio of 1.57. Bristow Group Inc. has a 12-month low of $35.65 and a 12-month high of $50.38. The firm has a market capitalization of $1.18 billion, a P/E ratio of 15.07 and a beta of 1.22.

Bristow Group (NYSE:VTOL) last issued its earnings results on Tuesday, November 3rd. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.22). Bristow Group had a net margin of 4.98% and a return on equity of 7.47%. The firm had revenue of $437.92 million during the quarter, compared to analyst estimates of $443.25 million. As a group, research analysts expect that Bristow Group Inc. will post 2.94 EPS for the current fiscal year.

Bristow Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a $0.1250 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 13th. Bristow Group’s dividend payout ratio (DPR) is presently 18.66%.

Analyst Ratings Changes

Several research firms have recently issued reports on VTOL. Zacks Research cut shares of Bristow Group from a “hold” rating to a “strong sell” rating in a research report on Friday, November 6th. Raymond James Financial reissued an “outperform” rating and issued a $63.00 target price on shares of Bristow Group in a report on Thursday, November 5th. Finally, Weiss Ratings cut Bristow Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, November 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Bristow Group has an average rating of “Moderate Buy” and an average price target of $63.00.

Institutional Investors Weigh In On Bristow Group

Several institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its position in shares of Bristow Group by 8.2% during the first quarter. PNC Financial Services Group Inc. now owns 4,509 shares of the company’s stock worth $211,000 after purchasing an additional 340 shares in the last quarter. Allworth Financial LP grew its stake in Bristow Group by 128.3% during the 2nd quarter. Allworth Financial LP now owns 1,032 shares of the company’s stock worth $43,000 after buying an additional 580 shares during the last quarter. GAMMA Investing LLC grew its stake in Bristow Group by 56.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,782 shares of the company’s stock worth $73,000 after buying an additional 642 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Bristow Group during the second quarter worth approximately $27,000. Finally, Nykredit A S acquired a new position in Bristow Group during the second quarter worth approximately $27,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Top Bristow Group Stories

These are some of the VTOL stories that stood out recently:

• Positive Sentiment: A recent article argues Bristow stock may still be a bargain despite a reported 55% run-up. The headline presents a potentially supportive valuation view, though the supplied article details do not explain its reasoning. Bristow Group (VTOL) Stock Could Be A Bargain On Its 55% Run
• Negative Sentiment: Solus, an insider, reported selling 73,600 shares across transactions from November 10–13 for about $2.98 million. The sales may weigh on sentiment, although Solus retained approximately 2.77 million shares. SEC ownership filing

About Bristow Group

Bristow Group, Inc. provides helicopter and other aviation services, primarily supporting offshore energy operations and government customers. Its services include transporting personnel and supplies to offshore installations, as well as search-and-rescue operations and related aviation support. The company serves customers across several regions, including the Americas, Europe, Africa and Australia. Its operations include contracted search-and-rescue services in parts of Europe and the United Kingdom, alongside aviation services for the energy industry.