Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells $316,790.00 in Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 9,875 shares of Bristow Group stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $32.08, for a total value of $316,790.00. Following the transaction, the insider now directly owns 3,166,821 shares in the company, valued at approximately $101,591,617.68. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 shares were 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 shares were sold at an average price of $32.71, for a total transaction of $272,245.33.

Bristow Group Price Performance

Shares of NYSE:VTOL opened at $31.38 on Monday. The firm 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 1 year low of $24.33 and a 1 year high of $41.50. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $34.54 and a 200 day simple moving average of $35.02.

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

Institutional Trading of Bristow Group

A number of institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp bought a new position in shares of Bristow Group during the 4th quarter valued at $366,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Bristow Group by 2.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,402 shares of the company’s stock worth $906,000 after buying an additional 723 shares during the last quarter. Western Standard LLC increased its position in Bristow Group by 41.5% during the fourth quarter. Western Standard LLC now owns 563,318 shares of the company’s stock worth $19,322,000 after buying an additional 165,318 shares during the last quarter. Taconic Capital Advisors LP raised its holdings in Bristow Group by 4.9% during the fourth quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company’s stock valued at $37,659,000 after buying an additional 50,900 shares in the last quarter. Finally, State of Wyoming lifted its position in shares of Bristow Group by 237.3% in the fourth quarter. State of Wyoming now owns 9,088 shares of the company’s stock worth $312,000 after buying an additional 6,394 shares during the last quarter. 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.