Bristow Group Inc. (NYSE:VTOL) Major Shareholder Alternative Asset Manage Solus Sells 42,150 Shares

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 42,150 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $38.10, for a total transaction of $1,605,915.00. Following the sale, the insider now owns 3,306,855 shares in the company, valued at $125,991,175.50. This represents a 0.00 % 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 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 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 value of $2,962,500.00.

Bristow Group Price Performance

Shares of Bristow Group stock opened at $36.81 on Thursday. The firm has a market cap of $1.05 billion, a PE ratio of 20.27 and a beta of 1.31. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50. The business has a 50-day moving average price of $35.07 and a 200 day moving average price of $34.95. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.61 by $0.34. The company had revenue of $365.12 million for the quarter. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. During the same quarter in the prior year, the company earned $0.41 earnings per share.

Hedge Funds Weigh In On Bristow Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. nVerses Capital LLC acquired a new position in Bristow Group during the second quarter worth $64,000. Innealta Capital LLC purchased a new position in Bristow Group in the 2nd quarter worth approximately $74,000. Abner Herrman & Brock LLC bought a new position in Bristow Group in the third quarter worth about $201,000. Intech Investment Management LLC bought a new stake in shares of Bristow Group in the 3rd quarter worth approximately $212,000. Finally, Quest Partners LLC lifted its stake in shares of 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 buying an additional 1,511 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark lifted their price target on Bristow Group from $45.00 to $50.00 and gave the company a “buy” rating in a research note 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.