Insider Selling: Bristow Group Inc. (NYSE:VTOL) Director Sells 2,700 Shares of Stock

Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Lorin L. Brass sold 2,700 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00. Following the sale, the director now directly owns 28,104 shares of the company's stock, valued at approximately $1,039,848. This trade represents a 8.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Bristow Group Trading Down 1.3 %

NYSE VTOL traded down $0.45 on Wednesday, hitting $32.70. The company's stock had a trading volume of 138,273 shares, compared to its average volume of 120,753. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. Bristow Group Inc. has a 1-year low of $24.33 and a 1-year high of $41.50. The company's 50-day moving average is $35.25 and its 200 day moving average is $35.60. The firm has a market cap of $936.35 million, a PE ratio of 17.58 and a beta of 1.39.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $1.07 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 Investors Weigh In On Bristow Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC increased its stake in Bristow Group by 795.5% during the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock valued at $27,000 after purchasing an additional 700 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Bristow Group during the fourth quarter valued at approximately $34,000. Wolverine Asset Management LLC increased its position in Bristow Group by 105.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company's stock worth $59,000 after purchasing an additional 34,400 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Bristow Group in the fourth quarter worth $118,000. Finally, Aquatic Capital Management LLC purchased a new position in Bristow Group during the fourth quarter worth $142,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

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.