Key Points
- Alternative Asset Manage Solus sold 5,000 Bristow Group shares at an average price of $43, generating $215,000 and reducing its position by 0.18% to 2.84 million shares.
- Solus has made several additional sales recently, selling a combined 30,086 shares in early to mid-September at prices ranging from $43.03 to $45.85.
- Bristow’s latest quarterly earnings missed estimates on EPS, though revenue exceeded forecasts. Analysts maintain a “Moderate Buy” consensus with an average price target of $60, versus a recent share price of $42.21.
Bristow Group Inc. (NYSE:VTOL - Get Free Report) insider Alternative Asset Manage Solus sold 3,000 shares of the business's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $43.03, for a total transaction of $129,090.00. Following the transaction, the insider owned 2,841,710 shares in the company, valued at approximately $122,278,781.30. The trade was a 0.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Alternative Asset Manage Solus also recently made the following trade(s):
- On Friday, September 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were sold at an average price of $43.00, for a total transaction of $215,000.00.
- On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The shares were sold at an average price of $45.75, for a total transaction of $1,875.75.
- On Wednesday, September 2nd, Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock. The shares were sold at an average price of $45.68, for a total transaction of $550,215.60.
- 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 Trading Up 0.7%
Shares of VTOL opened at $42.21 on Wednesday. Bristow Group Inc. has a 12-month low of $35.03 and a 12-month high of $50.38. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 12.17 and a beta of 1.19. The stock's 50-day moving average price is $44.84 and its 200 day moving average price is $44.68.
Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.19). Bristow Group had a return on equity of 9.82% and a net margin of 6.66%.The firm had revenue of $411.75 million during the quarter, compared to the consensus estimate of $407.28 million. As a group, research analysts predict that Bristow Group Inc. will post 3.31 earnings per share for the current year.
Bristow Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 14th. Bristow Group's dividend payout ratio is presently 14.41%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on VTOL shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Bristow Group in a research note on Friday, May 29th. Zacks Research upgraded shares of Bristow Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $60.00.
Get Our Latest Research Report on Bristow Group
Institutional Investors Weigh In On Bristow Group
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Bristow Group during the 2nd quarter worth approximately $162,017,000. Encompass Capital Advisors LLC bought a new stake in Bristow Group in the fourth quarter valued at $25,613,000. Fearnley Asset Management AS bought a new stake in Bristow Group in the fourth quarter valued at $16,942,000. Bank of New York Mellon Corp bought a new stake in Bristow Group in the second quarter valued at $7,463,000. Finally, Empowered Funds LLC acquired a new position in Bristow Group during the second quarter worth $6,290,000. 93.29% of the stock is owned by institutional investors and hedge funds.
Bristow Group Company Profile
(
Get Free Report)
Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.
Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.
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