Bristow Group Inc. (NYSE:VTOL) Major Shareholder Sells $386,926.59 in Stock

Bristow Group Inc. (NYSE:VTOL - Get Free Report) major shareholder Alternative Asset Manage Solus sold 11,829 shares of Bristow Group stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.71, for a total transaction of $386,926.59. Following the sale, the insider now owns 3,176,796 shares in the company, valued at $103,912,997.16. This represents a 0.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's stock 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 5th, Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock. The stock was sold at an average price of $32.71, for a total transaction of $272,245.33.

Bristow Group Price Performance

Shares of Bristow Group stock traded up $0.46 during midday trading on Tuesday, hitting $32.03. 146,141 shares of the company were exchanged, compared to its average volume of 120,926. The firm has a 50 day simple moving average of $35.17 and a 200-day simple moving average of $35.48. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.49. The firm has a market cap of $917.20 million, a P/E ratio of 17.22 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.

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

Institutional Investors Weigh In On Bristow Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp bought a new stake in shares of Bristow Group during the fourth quarter worth $366,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Bristow Group by 2.8% during the 4th 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 in the last quarter. Western Standard LLC grew its holdings in Bristow Group by 41.5% during the 4th quarter. Western Standard LLC now owns 563,318 shares of the company's stock worth $19,322,000 after acquiring an additional 165,318 shares during the last quarter. Taconic Capital Advisors LP increased its position in Bristow Group by 4.9% in the 4th quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company's stock valued at $37,659,000 after acquiring an additional 50,900 shares in the last quarter. Finally, State of Wyoming increased its position in Bristow Group by 237.3% in the 4th quarter. State of Wyoming now owns 9,088 shares of the company's stock valued at $312,000 after acquiring an additional 6,394 shares in the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

Bristow Group Company Profile

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.