Bristow Group (NYSE:VTOL) Trading Down 4.4% - Time to Sell?

Bristow Group Inc. (NYSE:VTOL - Get Free Report)'s share price traded down 4.4% during trading on Friday . The stock traded as low as $34.27 and last traded at $34.40. Approximately 62,416 shares were traded during trading, a decline of 48% from the average session volume of 120,631 shares. The stock had previously closed at $35.99.

Bristow Group Price Performance

The firm has a fifty day moving average of $35.74 and a 200 day moving average of $35.59. The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $998.90 million, a P/E ratio of 18.76 and a beta of 1.34.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.34. The firm had revenue of $365.12 million during the quarter. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. During the same quarter in the prior year, the firm earned $0.41 earnings per share.

Insider Activity

In related news, major shareholder Alternative Asset Manage Solus sold 4,255 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $38.02, for a total transaction of $161,775.10. Following the completion of the sale, the insider now directly owns 3,226,948 shares in the company, valued at approximately $122,688,562.96. The trade was a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 94,858 shares of company stock valued at $3,527,946 in the last ninety days. 14.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Comerica Bank increased its stake in shares of Bristow Group by 103.1% in the 1st quarter. Comerica Bank now owns 22,504 shares of the company's stock worth $612,000 after purchasing an additional 11,425 shares in the last quarter. Perennial Advisors LLC bought a new position in shares of Bristow Group in the second quarter worth about $235,000. Bank of New York Mellon Corp lifted its position in shares of Bristow Group by 3.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 185,104 shares of the company's stock valued at $6,207,000 after buying an additional 5,402 shares in the last quarter. Bailard Inc. bought a new position in shares of Bristow Group during the 2nd quarter valued at approximately $241,000. Finally, Innealta Capital LLC purchased a new stake in Bristow Group in the 2nd quarter worth approximately $74,000. 93.29% of the stock is currently owned by 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.