Bristow Group Inc. (NYSE:VTOL) Director Lorin L. Brass Sells 2,700 Shares

Bristow Group Inc. (NYSE:VTOL) Director Lorin L. Brass sold 2,700 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the transaction, the director now directly owns 28,104 shares of the company’s stock, valued at $1,039,848. The trade was a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Bristow Group Stock Performance

Shares of NYSE:VTOL opened at $34.17 on Tuesday. Bristow Group Inc. has a 52 week low of $24.33 and a 52 week high of $41.50. The stock has a market capitalization of $978.22 million, a P/E ratio of 18.37 and a beta of 1.35. The firm has a fifty day simple moving average of $35.28 and a two-hundred day simple moving average of $35.66. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68.

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

Hedge Funds Weigh In On Bristow Group

A number of institutional investors and hedge funds have recently made changes to their positions in VTOL. Sterling Capital Management LLC grew its stake in shares of Bristow Group by 795.5% in the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company’s stock worth $27,000 after buying an additional 700 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Bristow Group during the 4th quarter worth about $34,000. Wolverine Asset Management LLC boosted its stake in shares of Bristow Group by 105.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company’s stock worth $59,000 after purchasing an additional 34,400 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Bristow Group during the 4th quarter worth about $118,000. Finally, Aquatic Capital Management LLC purchased a new position in shares of Bristow Group during the 4th quarter worth about $142,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

About Bristow Group

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.