Alternative Asset Manage Solus Sells 11,829 Shares of Bristow Group Inc. (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) major shareholder Alternative Asset Manage Solus sold 11,829 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $32.71, for a total value of $386,926.59. Following the sale, the insider now owns 3,176,796 shares in the company, valued at approximately $103,912,997.16. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Alternative Asset Manage Solus also recently made the following trade(s):

• On Wednesday, March 5th, Alternative Asset Manage Solus sold 8,323 shares of Bristow Group stock. The shares were sold at an average price of $32.71, for a total value of $272,245.33.

Bristow Group Price Performance

Shares of NYSE VTOL opened at $32.65 on Friday. Bristow Group Inc. has a fifty-two week low of $24.33 and a fifty-two week high of $41.50. The business has a 50 day moving average price of $35.22 and a two-hundred day moving average price of $35.58. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The firm has a market cap of $934.69 million, a PE ratio of 17.55 and a beta of 1.39.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.46. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The firm had revenue of $353.53 million during the quarter, compared to analyst estimates of $367.00 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Bristow Group by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,983 shares of the company’s stock valued at $480,000 after acquiring an additional 517 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Bristow Group by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock worth $8,223,000 after purchasing an additional 674 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Bristow Group by 795.5% during the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company’s stock valued at $27,000 after buying an additional 700 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Bristow Group by 2.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,402 shares of the company’s stock valued at $906,000 after buying an additional 723 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in Bristow Group by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 14,932 shares of the company’s stock valued at $512,000 after purchasing an additional 819 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Company Profile

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.