Insider Selling: Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells 8,323 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 8,323 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.71, for a total value of $272,245.33. Following the completion of the transaction, the insider now directly owns 3,188,625 shares of the company’s stock, valued at $104,299,923.75. This represents a 0.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, March 7th, Alternative Asset Manage Solus sold 11,829 shares of Bristow Group stock. The shares were sold at an average price of $32.71, for a total value of $386,926.59.

Bristow Group Stock Performance

Bristow Group stock opened at $32.65 on Friday. The business has a 50 day moving average of $35.21 and a 200-day moving average of $35.53. Bristow Group Inc. has a 1 year low of $24.33 and a 1 year high of $41.50. 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 company has a market capitalization of $934.69 million, a P/E ratio of 17.55 and a beta of 1.39.

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

Institutional Trading of Bristow Group

Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in Bristow Group by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,621,027 shares of the company’s stock valued at $55,600,000 after acquiring an additional 48,852 shares during the last quarter. Taconic Capital Advisors LP boosted its holdings in Bristow Group by 4.9% in the fourth quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company’s stock valued at $37,659,000 after acquiring an additional 50,900 shares during the last quarter. State Street Corp boosted its holdings in Bristow Group by 2.1% in the third quarter. State Street Corp now owns 937,527 shares of the company’s stock valued at $32,523,000 after acquiring an additional 19,317 shares during the last quarter. Medina Value Partners LLC boosted its holdings in Bristow Group by 5.2% in the fourth quarter. Medina Value Partners LLC now owns 618,036 shares of the company’s stock valued at $21,199,000 after acquiring an additional 30,568 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Bristow Group by 22.4% during the 4th quarter. American Century Companies Inc. now owns 578,940 shares of the company’s stock worth $19,858,000 after buying an additional 105,834 shares in the last quarter. 93.29% of the stock is currently owned by 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.