Alternative Asset Manage Solus Sells 9,875 Shares of Bristow Group Inc. (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 9,875 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $32.08, for a total transaction of $316,790.00. Following the transaction, the insider now directly owns 3,166,821 shares in the company, valued at $101,591,617.68. The trade was a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more 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 12th, Alternative Asset Manage Solus sold 100 shares of Bristow Group stock. The stock was sold at an average price of $32.00, for a total transaction of $3,200.00.
• On Friday, March 7th, Alternative Asset Manage Solus sold 11,829 shares of Bristow Group stock. The stock was sold at an average price of $32.71, for a total transaction of $386,926.59.
• On Wednesday, March 5th, Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock. The stock was sold at an average price of $32.71, for a total transaction of $272,245.33.

Bristow Group Stock Performance

Shares of VTOL stock opened at $31.38 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. Bristow Group Inc. has a one year low of $24.33 and a one year high of $41.50. The company’s 50-day simple moving average is $34.54 and its 200-day simple moving average is $35.05. The stock has a market capitalization of $898.50 million, a price-to-earnings ratio of 16.87 and a beta of 1.39.

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

Hedge Funds Weigh In On Bristow Group

Large investors have recently bought and sold shares of the business. Franklin Resources Inc. bought a new position in Bristow Group in the third quarter worth about $572,000. Geode Capital Management LLC lifted its holdings in Bristow Group by 2.4% in the third quarter. Geode Capital Management LLC now owns 563,014 shares of the company’s stock worth $19,535,000 after acquiring an additional 13,320 shares during the last quarter. Barclays PLC lifted its holdings in Bristow Group by 287.1% in the third quarter. Barclays PLC now owns 37,691 shares of the company’s stock worth $1,308,000 after acquiring an additional 27,953 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Bristow Group by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 119,379 shares of the company’s stock worth $4,095,000 after acquiring an additional 3,356 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Bristow Group by 26.0% in the third quarter. JPMorgan Chase & Co. now owns 73,257 shares of the company’s stock worth $2,541,000 after acquiring an additional 15,139 shares during the last quarter. Institutional investors own 93.29% of the company’s stock.

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.