Bristow Group Inc. (NYSE:VTOL) Major Shareholder Alternative Asset Manage Solus Sells 8,323 Shares

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 transaction, the insider now directly owns 3,188,625 shares in the company, valued at approximately $104,299,923.75. The trade was a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more 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 Friday, March 7th, Alternative Asset Manage Solus sold 11,829 shares of Bristow Group stock. The shares were sold at an average price of $32.71, for a total value of $386,926.59.

Bristow Group Stock Performance

NYSE:VTOL traded up $0.46 during midday trading on Tuesday, reaching $32.03. The stock had a trading volume of 146,141 shares, compared to its average volume of 120,926. Bristow Group Inc. has a 1-year low of $24.33 and a 1-year high of $41.50. 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 stock has a market capitalization of $917.20 million, a P/E ratio of 17.22 and a beta of 1.39. The firm's fifty day simple moving average is $35.17 and its 200-day simple moving average is $35.48.

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Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $353.53 million during the quarter, compared to the consensus estimate of $367.00 million.

Hedge Funds Weigh In On Bristow Group

A number of large investors have recently added to or reduced their stakes in VTOL. Sterling Capital Management LLC raised its position in shares of Bristow Group by 795.5% in the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock valued at $27,000 after purchasing an additional 700 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Bristow Group in the fourth quarter valued at approximately $34,000. Wolverine Asset Management LLC raised its holdings in Bristow Group by 105.3% in the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company's stock valued at $59,000 after buying an additional 34,400 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Bristow Group during the 4th quarter worth approximately $118,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Bristow Group in the fourth quarter valued at about $142,000. Institutional investors own 93.29% of the company's stock.

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.