Insider Selling: Bristow Group Inc. (NYSE:VTOL) Director Sells 2,200 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) Director Maryanne Miller sold 2,200 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total value of $70,730.00. Following the completion of the sale, the director now owns 19,173 shares of the company’s stock, valued at approximately $616,411.95. This trade represents a 10.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Bristow Group Stock Down 2.3 %

Shares of NYSE VTOL opened at $31.38 on Friday. 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 company has a market cap of $898.50 million, a price-to-earnings ratio of 16.87 and a beta of 1.39. Bristow Group Inc. has a 12-month low of $24.33 and a 12-month high of $41.50. The firm’s 50-day simple moving average is $34.54 and its 200 day simple moving average is $35.08.

Bristow Group (NYSE:VTOL) last announced its earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share (EPS) for the quarter, topping 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

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

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.