Key Points
- Alternative Asset Manage Solus sold 12,045 Bristow Group shares at an average price of $45.68, generating $550,215.60. The insider still owns approximately 2.85 million shares worth $130.2 million.
- Bristow reported quarterly EPS of $0.70, missing the $0.89 analyst consensus, while revenue of $411.75 million exceeded estimates. Shares opened at $43.80, with a 52-week range of $35.03 to $50.38.
- The company maintains a Moderate Buy consensus rating and a $60 average price target from analysts, and recently paid a quarterly dividend of $0.125, representing a 1.1% annualized yield.
Bristow Group Inc. (NYSE:VTOL - Get Free Report) insider Alternative Asset Manage Solus sold 12,045 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $45.68, for a total value of $550,215.60. Following the completion of the sale, the insider directly owned 2,849,751 shares in the company, valued at approximately $130,176,625.68. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Alternative Asset Manage Solus also recently made the following trade(s):
- On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The stock was sold at an average price of $45.75, for a total value of $1,875.75.
- On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The stock was sold at an average price of $45.85, for a total value of $687,750.00.
Bristow Group Price Performance
Shares of NYSE:VTOL opened at $43.80 on Friday. The business has a 50 day moving average price of $44.63 and a 200 day moving average price of $44.86. Bristow Group Inc. has a twelve month low of $35.03 and a twelve month high of $50.38. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 12.62 and a beta of 1.19. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66.
Bristow Group (NYSE:VTOL - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.19). The business had revenue of $411.75 million during the quarter, compared to analyst estimates of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. Research analysts predict that Bristow Group Inc. will post 3.31 earnings per share for the current year.
Bristow Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.125 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. Bristow Group's dividend payout ratio (DPR) is presently 14.41%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on VTOL shares. Zacks Research raised shares of Bristow Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Bristow Group in a research note on Friday, May 29th. Finally, Wall Street Zen downgraded Bristow Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $60.00.
Read Our Latest Stock Report on VTOL
Institutional Trading of Bristow Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LP acquired a new position in Bristow Group in the second quarter worth about $1,539,000. Amundi grew its stake in shares of Bristow Group by 8.5% in the 2nd quarter. Amundi now owns 12,874 shares of the company's stock valued at $532,000 after purchasing an additional 1,007 shares during the period. California State Teachers Retirement System grew its stake in shares of Bristow Group by 3,536.0% in the 2nd quarter. California State Teachers Retirement System now owns 279,860 shares of the company's stock valued at $11,564,000 after purchasing an additional 272,163 shares during the period. Nykredit A S acquired a new position in shares of Bristow Group in the 2nd quarter worth approximately $27,000. Finally, Van Den Berg Management I Inc. lifted its position in shares of Bristow Group by 16.6% during the 2nd quarter. Van Den Berg Management I Inc. now owns 108,398 shares of the company's stock worth $4,479,000 after buying an additional 15,471 shares during the period. Institutional investors own 93.29% of the company's stock.
About Bristow Group
(
Get Free Report)
Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow's operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world's most challenging environments.
The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.
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