Insider Selling: Bristow Group Inc. (NYSE:VTOL) Director Sells 2,700 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) Director Lorin L. Brass sold 2,700 shares of Bristow Group stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the sale, the director now directly owns 28,104 shares of the company’s stock, valued at approximately $1,039,848. This trade represents a 8.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bristow Group Trading Down 1.3 %

Shares of VTOL stock opened at $32.70 on Thursday. 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 business has a 50-day moving average price of $35.25 and a two-hundred day moving average price of $35.60. Bristow Group Inc. has a 12-month low of $24.33 and a 12-month high of $41.50. The firm has a market cap of $936.35 million, a P/E ratio of 17.58 and a beta of 1.39.

Bristow Group (NYSE:VTOL) last released its earnings results 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 company had revenue of $353.53 million during the quarter, compared to analyst estimates of $367.00 million.

Institutional Investors Weigh In On Bristow Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in Bristow Group by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,621,027 shares of the company’s stock valued at $55,600,000 after purchasing an additional 48,852 shares during the period. Taconic Capital Advisors LP increased its position in Bristow Group by 4.9% during the 4th quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company’s stock valued at $37,659,000 after buying an additional 50,900 shares in the last quarter. State Street Corp increased its position in Bristow Group by 2.1% during the 3rd quarter. State Street Corp now owns 937,527 shares of the company’s stock valued at $32,523,000 after buying an additional 19,317 shares in the last quarter. Medina Value Partners LLC increased its position in Bristow Group by 5.2% during the 4th quarter. Medina Value Partners LLC now owns 618,036 shares of the company’s stock valued at $21,199,000 after buying an additional 30,568 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Bristow Group by 22.4% during the 4th quarter. American Century Companies Inc. now owns 578,940 shares of the company’s stock valued at $19,858,000 after buying an additional 105,834 shares in the last quarter. Institutional investors 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.