Insider Selling: Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells 714 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 714 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $38.02, for a total transaction of $27,146.28. Following the completion of the transaction, the insider now directly owns 3,276,203 shares in the company, valued at approximately $124,561,238.06. The trade was a 0.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, November 15th, Alternative Asset Manage Solus sold 45,000 shares of Bristow Group stock. The stock was sold at an average price of $36.20, for a total value of $1,629,000.00.
• On Monday, November 11th, Alternative Asset Manage Solus sold 2,739 shares of Bristow Group stock. The stock was sold at an average price of $38.01, for a total value of $104,109.39.
• On Thursday, November 7th, Alternative Asset Manage Solus sold 42,150 shares of Bristow Group stock. The shares were sold at an average price of $38.10, for a total value of $1,605,915.00.
• On Friday, August 30th, Alternative Asset Manage Solus sold 75,000 shares of Bristow Group stock. The stock was sold at an average price of $39.50, for a total transaction of $2,962,500.00.

Bristow Group Price Performance

Shares of NYSE VTOL opened at $36.61 on Friday. The company has a market capitalization of $1.05 billion, a PE ratio of 19.68 and a beta of 1.31. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average price is $35.06 and its 200-day moving average price is $35.10. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.34. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The firm had revenue of $365.12 million during the quarter. During the same quarter last year, the company earned $0.41 EPS.

Institutional Trading of Bristow Group

A number of large investors have recently added to or reduced their stakes in VTOL. The Manufacturers Life Insurance Company grew its position in shares of Bristow Group by 7.1% during the 2nd 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. raised its stake in shares of Bristow Group by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock valued at $8,223,000 after buying an additional 674 shares during the period. Rhumbline Advisers lifted its holdings in Bristow Group by 1.0% during the second 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 last quarter. New York State Teachers Retirement System boosted its position in Bristow Group by 5.7% during the third quarter. New York State Teachers Retirement System now owns 16,683 shares of the company’s stock worth $579,000 after purchasing an additional 900 shares during the period. Finally, Atom Investors LP increased its stake in shares of Bristow Group by 1.5% in the third 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. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark raised their price target on shares of Bristow Group from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 8th.

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.