Bristow Group Inc. (NYSE:VTOL - Get Free Report) major shareholder Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock in a transaction dated Wednesday, March 5th. The stock was 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 approximately $104,299,923.75. This trade represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% 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 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 value of $386,926.59.
Bristow Group Price Performance
Bristow Group stock opened at $32.65 on Friday. The stock has a market capitalization of $934.69 million, a price-to-earnings ratio of 17.55 and a beta of 1.39. Bristow Group Inc. has a 52-week low of $24.33 and a 52-week high of $41.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. The stock's 50 day moving average price is $35.22 and its two-hundred day moving average price is $35.58.
Bristow Group (NYSE:VTOL - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.46. The business had revenue of $353.53 million for the quarter, compared to analyst estimates of $367.00 million. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%.
Institutional Trading of Bristow Group
Hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System boosted its holdings in Bristow Group by 5.7% during the 3rd quarter. New York State Teachers Retirement System now owns 16,683 shares of the company's stock worth $579,000 after acquiring an additional 900 shares during the last quarter. Empowered Funds LLC boosted its holdings in Bristow Group by 5.3% during the 3rd 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. Quest Partners LLC boosted its holdings in Bristow Group by 32.7% during the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company's stock worth $213,000 after acquiring an additional 1,511 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Bristow Group during the 3rd quarter worth $298,000. Finally, Intech Investment Management LLC purchased a new position in Bristow Group during the 3rd quarter worth $212,000. Institutional investors own 93.29% of the company's stock.
Bristow Group Company Profile
(
Get Free Report)
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.
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