Bristow Group (NYSE:VTOL) Stock Price Down 4.4% – Here’s What Happened

Bristow Group Inc. (NYSE:VTOL)’s stock price fell 4.4% on Friday . The stock traded as low as $34.27 and last traded at $34.40. 62,416 shares changed hands during trading, a decline of 48% from the average session volume of 120,631 shares. The stock had previously closed at $35.99.

Bristow Group Price Performance

The company has a current ratio of 1.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average price of $35.74 and a 200 day moving average price of $35.59. The company has a market capitalization of $998.90 million, a P/E ratio of 18.76 and a beta of 1.34.

Bristow Group (NYSE:VTOL) last issued its earnings results on Tuesday, November 5th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.61 by $0.34. Bristow Group had a return on equity of 6.50% and a net margin of 3.93%. The company had revenue of $365.12 million during the quarter. During the same quarter in the prior year, the firm posted $0.41 earnings per share.

Insider Transactions at Bristow Group

In related news, major shareholder Alternative Asset Manage Solus sold 45,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $36.20, for a total value of $1,629,000.00. Following the completion of the sale, the insider now directly owns 3,231,203 shares in the company, valued at $116,969,548.60. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 94,858 shares of company stock worth $3,527,946. 14.90% of the stock is owned by company insiders.

Institutional Trading of Bristow Group

Several institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in Bristow Group by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock valued at $315,000 after purchasing an additional 620 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Bristow Group by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock valued at $8,223,000 after purchasing an additional 674 shares during the period. Rhumbline Advisers raised its holdings in Bristow Group by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock valued at $2,611,000 after acquiring an additional 795 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Bristow Group by 5.7% in the 3rd quarter. New York State Teachers Retirement System now owns 16,683 shares of the company’s stock valued at $579,000 after acquiring an additional 900 shares in the last quarter. Finally, Atom Investors LP raised its holdings in Bristow Group by 1.5% in the 3rd quarter. Atom Investors LP now owns 92,536 shares of the company’s stock valued at $3,210,000 after acquiring an additional 1,363 shares in the last quarter. 93.29% of the stock is currently owned by institutional investors.

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.