Key Points
- Insider sale: Alternative Asset Manage Solus sold 61,800 Bristow Group shares at an average $40.37, worth about $2.49 million. It retained 2,778,636 shares after the sale.
- Quarterly results missed estimates: Bristow reported EPS of $0.93 versus analysts’ $1.15 consensus, while revenue of $437.92 million also came in below expectations.
- Analyst outlook and dividend: The stock had a “Moderate Buy” consensus rating and a $63 price target; Bristow also declared a quarterly dividend of $0.125 per share, equivalent to a 1.2% annualized yield.
Bristow Group Inc. (NYSE:VTOL - Get Free Report) insider Alternative Asset Manage Solus sold 61,800 shares of the business's stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $40.37, for a total transaction of $2,494,866.00. Following the completion of the sale, the insider directly owned 2,778,636 shares of the company's stock, valued at approximately $112,173,535.32. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Alternative Asset Manage Solus also recently made the following trade(s):
- On Friday, November 13th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The stock was sold at an average price of $40.38, for a total transaction of $201,900.00.
- On Thursday, November 12th, Alternative Asset Manage Solus sold 1,800 shares of Bristow Group stock. The shares were sold at an average price of $41.45, for a total transaction of $74,610.00.
- On Wednesday, November 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were sold at an average price of $41.02, for a total transaction of $205,100.00.
- On Wednesday, September 23rd, Alternative Asset Manage Solus sold 897 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total transaction of $38,571.00.
- On Tuesday, September 22nd, Alternative Asset Manage Solus sold 377 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total value of $16,211.00.
- On Monday, September 14th, Alternative Asset Manage Solus sold 3,000 shares of Bristow Group stock. The shares were sold at an average price of $43.03, for a total value of $129,090.00.
- 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 value 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 value 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 value 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 Stock Performance
Shares of VTOL stock traded down $0.31 during midday trading on Friday, hitting $40.38. The company had a trading volume of 302,876 shares, compared to its average volume of 268,406. The company's 50 day simple moving average is $40.77 and its 200 day simple moving average is $43.85. Bristow Group Inc. has a 52-week low of $35.65 and a 52-week high of $50.38. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 15.07 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.99 and a quick ratio of 1.57.
Bristow Group (NYSE:VTOL - Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.15 by ($0.22). Bristow Group had a net margin of 4.98% and a return on equity of 7.47%. The company had revenue of $437.92 million during the quarter, compared to analyst estimates of $443.25 million. Research analysts anticipate that Bristow Group Inc. will post 2.94 earnings per share for the current fiscal year.
Bristow Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be given a $0.1250 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 13th. Bristow Group's dividend payout ratio (DPR) is 18.66%.
Hedge Funds Weigh In On Bristow Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pathstone Holdings LLC acquired a new stake in shares of Bristow Group in the 3rd quarter valued at approximately $545,000. Marshall Wace LLP boosted its stake in shares of Bristow Group by 21.1% in the third quarter. Marshall Wace LLP now owns 147,668 shares of the company's stock valued at $6,013,000 after buying an additional 25,686 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Bristow Group by 2.5% in the third quarter. Empowered Funds LLC now owns 155,996 shares of the company's stock valued at $6,352,000 after buying an additional 3,780 shares in the last quarter. First Trust Advisors LP grew its holdings in Bristow Group by 87.8% during the third quarter. First Trust Advisors LP now owns 1,307,747 shares of the company's stock worth $53,251,000 after acquiring an additional 611,457 shares during the period. Finally, Ieq Capital LLC grew its holdings in Bristow Group by 37.4% during the third quarter. Ieq Capital LLC now owns 37,155 shares of the company's stock worth $1,513,000 after acquiring an additional 10,115 shares during the period. Institutional investors and hedge funds own 93.29% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have issued reports on VTOL shares. Raymond James Financial reissued an "outperform" rating and issued a $63.00 price objective on shares of Bristow Group in a research note on Thursday, November 5th. Zacks Research cut shares of Bristow Group from a "hold" rating to a "strong sell" rating in a research note on Friday, November 6th. Finally, Weiss Ratings downgraded shares of Bristow Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, November 9th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.
Check Out Our Latest Report on Bristow Group
Key Bristow Group News
Investors following VTOL have been watching these news items:
- Positive Sentiment: A recent article argues Bristow stock may still be a bargain despite a reported 55% run-up. The headline presents a potentially supportive valuation view, though the supplied article details do not explain its reasoning. Bristow Group (VTOL) Stock Could Be A Bargain On Its 55% Run
- Negative Sentiment: Solus, an insider, reported selling 73,600 shares across transactions from November 10–13 for about $2.98 million. The sales may weigh on sentiment, although Solus retained approximately 2.77 million shares. SEC ownership filing
Bristow Group Company Profile
(
Get Free Report)
Bristow Group, Inc. provides helicopter and other aviation services, primarily supporting offshore energy operations and government customers. Its services include transporting personnel and supplies to offshore installations, as well as search-and-rescue operations and related aviation support. The company serves customers across several regions, including the Americas, Europe, Africa and Australia. Its operations include contracted search-and-rescue services in parts of Europe and the United Kingdom, alongside aviation services for the energy industry.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
