Key Points
- Director Lorin Brass sold 2,500 shares of Bristow Group at an average price of $38.00 on Nov. 26 for $95,000, cutting his ownership by 10.33% to 21,705 shares (~$824,790); the transaction was disclosed in an SEC filing.
- Bristow shares recently traded at $37.39 (volume 308,871) with a 52-week range of $25.11–$42.89 and a market cap of $1.08B; the company reported an EPS beat ($1.72 vs. $0.94 est.), institutions own ~93% of the stock, and the analyst consensus is Buy.
Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Lorin Brass sold 2,500 shares of Bristow Group stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $38.00, for a total transaction of $95,000.00. Following the transaction, the director directly owned 21,705 shares of the company's stock, valued at approximately $824,790. This trade represents a 10.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Bristow Group Stock Performance
Shares of Bristow Group stock traded down $0.11 on Thursday, hitting $37.39. The stock had a trading volume of 308,871 shares, compared to its average volume of 168,094. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $42.89. The company has a quick ratio of 1.44, a current ratio of 1.81 and a debt-to-equity ratio of 0.69. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 9.32 and a beta of 1.34. The business's 50 day moving average is $38.01 and its two-hundred day moving average is $35.74.
Bristow Group (NYSE:VTOL - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.78. Bristow Group had a net margin of 8.24% and a return on equity of 12.86%. The business had revenue of $386.29 million for the quarter, compared to analyst estimates of $400.00 million.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Caxton Associates LLP acquired a new stake in shares of Bristow Group during the third quarter worth $464,000. Van Den Berg Management I Inc. boosted its position in Bristow Group by 90.4% during the third quarter. Van Den Berg Management I Inc. now owns 58,340 shares of the company's stock valued at $2,105,000 after acquiring an additional 27,701 shares during the last quarter. Millennium Management LLC grew its holdings in Bristow Group by 757.1% during the 3rd quarter. Millennium Management LLC now owns 90,564 shares of the company's stock worth $3,268,000 after acquiring an additional 79,998 shares during the period. Invenomic Capital Management LP raised its position in shares of Bristow Group by 15.7% in the 3rd quarter. Invenomic Capital Management LP now owns 132,596 shares of the company's stock worth $4,784,000 after acquiring an additional 18,003 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Bristow Group by 2.0% in the 3rd quarter. Bank of America Corp DE now owns 53,402 shares of the company's stock valued at $1,927,000 after purchasing an additional 1,029 shares during the period. Institutional investors own 93.29% of the company's stock.
Wall Street Analysts Forecast Growth
VTOL has been the topic of a number of recent research 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 research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Bristow Group presently has a consensus rating of "Buy".
Read Our Latest 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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