Bristow Group Inc. (NYSE:VTOL) Major Shareholder Alternative Asset Manage Solus Sells 42,150 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 42,150 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $38.10, for a total value of $1,605,915.00. Following the completion of the sale, the insider now owns 3,306,855 shares of the company’s stock, valued at approximately $125,991,175.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, November 11th, Alternative Asset Manage Solus sold 2,739 shares of Bristow Group stock. The shares were sold at an average price of $38.01, for a total transaction of $104,109.39.
• On Friday, August 30th, Alternative Asset Manage Solus sold 75,000 shares of Bristow Group stock. The shares were sold at an average price of $39.50, for a total transaction of $2,962,500.00.

Bristow Group Stock Performance

Shares of Bristow Group stock opened at $37.80 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The stock’s fifty day moving average is $35.10 and its two-hundred day moving average is $34.87. Bristow Group Inc. has a 52 week low of $24.33 and a 52 week high of $41.50. The company has a market capitalization of $1.08 billion, a PE ratio of 20.32 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Bristow Group

A number of institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in Bristow Group by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock worth $8,223,000 after purchasing an additional 674 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Bristow Group in the 3rd quarter worth $212,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Bristow Group during the 3rd quarter worth $298,000. Quest Partners LLC grew its position in shares of Bristow Group by 32.7% during the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock worth $213,000 after buying an additional 1,511 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Bristow Group by 5.3% during the third quarter. Empowered Funds LLC now owns 37,362 shares of the company’s stock valued at $1,296,000 after buying an additional 1,876 shares during the period. 93.29% of the stock is owned by hedge funds and other institutional investors.

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.