Alternative Asset Manage Solus Sells 3,000 Shares of Bristow Group (NYSE:VTOL) Stock
by Michael Walen · The Markets DailyBristow Group Inc. (NYSE:VTOL – Get Free Report) insider Alternative Asset Manage Solus sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $43.03, for a total value of $129,090.00. Following the completion of the transaction, the insider directly owned 2,841,710 shares of the company’s stock, valued at approximately $122,278,781.30. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Alternative Asset Manage Solus also recently made the following trade(s):
- On Friday, September 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total value of $215,000.00.
- On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The shares were sold at an average price of $45.75, for a total value of $1,875.75.
- On Wednesday, September 2nd, Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock. The shares were sold at an average price of $45.68, for a total value of $550,215.60.
- On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The shares were sold at an average price of $45.85, for a total value of $687,750.00.
Bristow Group Stock Down 2.0%
Shares of VTOL stock opened at $41.45 on Thursday. Bristow Group Inc. has a one year low of $35.03 and a one year high of $50.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. The stock has a fifty day moving average price of $44.79 and a 200 day moving average price of $44.64. The stock has a market cap of $1.23 billion, a P/E ratio of 11.95 and a beta of 1.19.
Bristow Group (NYSE:VTOL – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.19). Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. The business had revenue of $411.75 million during the quarter, compared to the consensus estimate of $407.28 million. Analysts predict that Bristow Group Inc. will post 3.31 earnings per share for the current year.
Bristow Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 14th. Bristow Group’s dividend payout ratio is 14.41%.
Institutional Trading of Bristow Group
A number of large investors have recently made changes to their positions in VTOL. BlackRock Inc. acquired a new position in Bristow Group in the 2nd quarter valued at $162,017,000. Encompass Capital Advisors LLC bought a new stake in shares of Bristow Group in the fourth quarter valued at about $25,613,000. Fearnley Asset Management AS acquired a new position in shares of Bristow Group in the fourth quarter valued at about $16,942,000. Bank of New York Mellon Corp bought a new position in Bristow Group during the second quarter worth about $7,463,000. Finally, Empowered Funds LLC bought a new position in Bristow Group during the second quarter worth about $6,290,000. Institutional investors own 93.29% of the company’s stock.
Wall Street Analysts Forecast Growth
VTOL has been the subject of several recent analyst reports. Zacks Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Bristow Group has an average rating of “Moderate Buy” and an average target price of $60.00.
Check Out Our Latest Report on VTOL
About Bristow Group
Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.
Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.
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