Bristow Group Inc. (NYSE:VTOL) Major Shareholder Alternative Asset Manage Solus Sells 9,875 Shares

Bristow Group Inc. (NYSE:VTOL - Get Free Report) major shareholder Alternative Asset Manage Solus sold 9,875 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $32.08, for a total value of $316,790.00. Following the transaction, the insider now directly owns 3,166,821 shares in the company, valued at approximately $101,591,617.68. The trade was a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more 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 12th, Alternative Asset Manage Solus sold 100 shares of Bristow Group stock. The shares were sold at an average price of $32.00, for a total value of $3,200.00.
• 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 transaction of $386,926.59.
• On Wednesday, March 5th, Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock. The shares were sold at an average price of $32.71, for a total transaction of $272,245.33.

Bristow Group Stock Performance

Bristow Group stock traded up $0.13 during midday trading on Tuesday, hitting $32.32. 167,990 shares of the company's stock were exchanged, compared to its average volume of 120,859. The firm's 50 day simple moving average is $34.49 and its 200 day simple moving average is $34.99. Bristow Group Inc. has a 12-month low of $24.33 and a 12-month 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 has a market cap of $925.39 million, a price-to-earnings ratio of 17.38 and a beta of 1.39.

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

Institutional Investors Weigh In On Bristow Group

Large investors have recently modified their holdings of the stock. Western Standard LLC increased its stake in Bristow Group by 41.5% in the 4th quarter. Western Standard LLC now owns 563,318 shares of the company's stock valued at $19,322,000 after buying an additional 165,318 shares during the period. American Century Companies Inc. raised its holdings in Bristow Group by 22.4% during the fourth quarter. American Century Companies Inc. now owns 578,940 shares of the company's stock worth $19,858,000 after purchasing an additional 105,834 shares in the last quarter. Graham Capital Wealth Management LLC acquired a new stake in Bristow Group in the fourth quarter valued at about $2,969,000. JPMorgan Chase & Co. boosted its holdings in Bristow Group by 115.6% in the 4th quarter. JPMorgan Chase & Co. now owns 157,978 shares of the company's stock valued at $5,419,000 after purchasing an additional 84,721 shares in the last quarter. Finally, Hartree Partners LP acquired a new position in Bristow Group during the 4th quarter worth approximately $2,550,000. Hedge funds and other institutional investors own 93.29% of the company's stock.

About Bristow Group

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.