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

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 42,150 shares of Bristow Group stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $38.10, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% 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 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 value 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 Stock Performance

VTOL opened at $36.81 on Thursday. Bristow Group Inc. has a 12-month low of $24.33 and a 12-month high of $41.50. The firm has a market capitalization of $1.05 billion, a PE ratio of 20.27 and a beta of 1.31. The firm has a 50 day moving average of $35.07 and a two-hundred day moving average of $34.95. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68.

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

Institutional Trading of Bristow Group

A number of hedge funds have recently added to or reduced their stakes in VTOL. Charles Schwab Investment Management Inc. grew its holdings in Bristow Group by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock worth $8,223,000 after acquiring an additional 674 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Bristow Group during the third quarter worth $212,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Bristow Group in the 3rd quarter valued at about $298,000. Quest Partners LLC grew its stake in shares of Bristow Group by 32.7% during the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock valued at $213,000 after buying an additional 1,511 shares during the period. Finally, Empowered Funds LLC increased its stake in Bristow Group by 5.3% during the third quarter. Empowered Funds LLC now owns 37,362 shares of the company’s stock worth $1,296,000 after acquiring an additional 1,876 shares during the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Benchmark increased their price objective on shares of Bristow Group from $45.00 to $50.00 and gave the company a “buy” rating in a research report 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.