Insider Selling: Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells $386,926.59 in Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 11,829 shares of Bristow Group stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.71, for a total transaction of $386,926.59. Following the sale, the insider now directly owns 3,176,796 shares of the company’s stock, valued at approximately $103,912,997.16. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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, March 5th, Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock. The shares were sold at an average price of $32.71, for a total transaction of $272,245.33.

Bristow Group Price Performance

Shares of VTOL opened at $32.65 on Monday. Bristow Group Inc. has a 1-year low of $24.33 and a 1-year high of $41.50. The stock has a market cap of $934.69 million, a PE ratio of 17.55 and a beta of 1.39. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. The firm has a fifty day moving average price of $35.21 and a 200 day moving average price of $35.52.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.46. The company had revenue of $353.53 million for the quarter, compared to analyst estimates of $367.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. acquired a new position in shares of Bristow Group during the third quarter worth about $572,000. Geode Capital Management LLC lifted its stake in shares of Bristow Group by 2.4% during the third quarter. Geode Capital Management LLC now owns 563,014 shares of the company’s stock valued at $19,535,000 after buying an additional 13,320 shares during the period. Barclays PLC lifted its stake in shares of Bristow Group by 287.1% during the third quarter. Barclays PLC now owns 37,691 shares of the company’s stock valued at $1,308,000 after buying an additional 27,953 shares during the period. Principal Financial Group Inc. raised its stake in Bristow Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 119,379 shares of the company’s stock worth $4,095,000 after purchasing an additional 3,356 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Bristow Group by 26.0% during the third quarter. JPMorgan Chase & Co. now owns 73,257 shares of the company’s stock worth $2,541,000 after purchasing an additional 15,139 shares during the period. 93.29% of the stock is currently owned by institutional investors and hedge funds.

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.