Key Points
- Director Lorin Brass sold 2,500 Bristow shares at an average price of $38.51 for a total of $96,275, leaving him with 24,205 shares (a 9.36% reduction in his position).
- Bristow reported $1.72 EPS for the quarter versus $0.94 expected, while revenue was $386.29 million against $400 million expected; the company posted a net margin of 8.24% and a return on equity of 12.86%.
- The stock has a market capitalization of about $1.08 billion and a P/E of 9.3, a 12‑month range of $25.11–$42.89, and is ~93.29% owned by hedge funds and other institutional investors.
Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Lorin Brass sold 2,500 shares of Bristow Group stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $38.51, for a total transaction of $96,275.00. Following the completion of the transaction, the director owned 24,205 shares of the company's stock, valued at $932,134.55. The trade was a 9.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Bristow Group Stock Performance
Shares of VTOL stock opened at $37.28 on Wednesday. The firm's 50 day moving average is $38.09 and its 200 day moving average is $35.45. The stock has a market capitalization of $1.08 billion, a P/E ratio of 9.30 and a beta of 1.34. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $42.89. The company has a current ratio of 1.81, a quick ratio of 1.44 and a debt-to-equity ratio of 0.69.
Bristow Group (NYSE:VTOL - Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.78. The business had revenue of $386.29 million for the quarter, compared to analysts' expectations of $400.00 million. Bristow Group had a net margin of 8.24% and a return on equity of 12.86%.
Hedge Funds Weigh In On Bristow Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank grew its stake in shares of Bristow Group by 3.7% during the third quarter. Amalgamated Bank now owns 7,253 shares of the company's stock valued at $262,000 after buying an additional 256 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Bristow Group by 74.7% during the 1st quarter. Federated Hermes Inc. now owns 912 shares of the company's stock valued at $29,000 after acquiring an additional 390 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Bristow Group by 23.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,905 shares of the company's stock valued at $96,000 after acquiring an additional 557 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Bristow Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company's stock worth $461,000 after acquiring an additional 609 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Bristow Group by 11.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,380 shares of the company's stock worth $210,000 after purchasing an additional 668 shares during the period. 93.29% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
VTOL has been the topic of a number of analyst reports. Wall Street Zen upgraded Bristow Group from a "hold" rating to a "buy" rating in a research note on Sunday, October 19th. Weiss Ratings reissued a "buy (b-)" rating on shares of Bristow Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy".
Check Out Our Latest Research Report on Bristow Group
Bristow Group Company Profile
(
Get Free Report)
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.
Further Reading
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