Insider Selling: Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells $1,629,000.00 in Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 45,000 shares of Bristow Group stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $36.20, for a total transaction of $1,629,000.00. Following the transaction, the insider now owns 3,231,203 shares of the company’s stock, valued at $116,969,548.60. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, November 13th, Alternative Asset Manage Solus sold 714 shares of Bristow Group stock. The shares were sold at an average price of $38.02, for a total transaction of $27,146.28.
• 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 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 transaction of $1,605,915.00.
• 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 Price Performance

Shares of VTOL opened at $36.61 on Monday. The company has a market capitalization of $1.05 billion, a P/E 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 firm has a 50 day moving average of $35.06 and a 200 day moving average of $35.16. 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 results on Tuesday, November 5th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.34. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The company had revenue of $365.12 million during the quarter. During the same period last year, the business earned $0.41 EPS.

Institutional Investors Weigh In On Bristow Group

Large investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC grew its position in Bristow Group by 73.5% in the 1st quarter. First Eagle Investment Management LLC now owns 84,144 shares of the company’s stock worth $2,289,000 after purchasing an additional 35,644 shares during the period. The Manufacturers Life Insurance Company grew its position in Bristow Group by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock worth $315,000 after purchasing an additional 620 shares during the period. Empyrean Capital Partners LP grew its position in Bristow Group by 9.0% in the 2nd quarter. Empyrean Capital Partners LP now owns 1,120,000 shares of the company’s stock worth $37,554,000 after purchasing an additional 92,086 shares during the period. Clayton Partners LLC grew its position in Bristow Group by 25.6% in the 2nd quarter. Clayton Partners LLC now owns 434,923 shares of the company’s stock worth $14,583,000 after purchasing an additional 88,742 shares during the period. Finally, Bailard Inc. bought a new stake in Bristow Group in the 2nd quarter worth approximately $241,000. Institutional investors own 93.29% of the company’s stock.

Wall Street Analysts Forecast Growth

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.