Brian D. Truelove Sells 2,000 Shares of Bristow Group Inc. (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOLGet Rating) Director Brian D. Truelove sold 2,000 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $27.64, for a total value of $55,280.00. Following the sale, the director now directly owns 26,120 shares of the company’s stock, valued at $721,956.80. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Bristow Group Stock Down 3.9 %

VTOL opened at $25.10 on Thursday. Bristow Group Inc. has a fifty-two week low of $21.61 and a fifty-two week high of $40.10. The business has a 50-day moving average of $26.88 and a 200-day moving average of $29.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.73 and a quick ratio of 1.48. The company has a market capitalization of $701.19 million, a PE ratio of 278.92 and a beta of 1.34.

Bristow Group (NYSE:VTOLGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.28 earnings per share for the quarter. Bristow Group had a return on equity of 0.78% and a net margin of 0.20%. The company had revenue of $301.74 million during the quarter.

Analyst Ratings Changes

Separately, Benchmark raised their price target on Bristow Group to $40.00 in a research note on Monday, August 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc raised its stake in shares of Bristow Group by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 50,652 shares of the company’s stock valued at $1,185,000 after acquiring an additional 475 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Bristow Group by 105.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 12,303 shares of the company’s stock worth $288,000 after buying an additional 6,327 shares during the period. Western Standard LLC bought a new position in Bristow Group in the 2nd quarter worth approximately $1,175,000. Thrivent Financial for Lutherans increased its position in Bristow Group by 20.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 22,801 shares of the company’s stock worth $534,000 after buying an additional 3,933 shares during the period. Finally, AQR Capital Management LLC increased its position in Bristow Group by 60.6% in the 2nd quarter. AQR Capital Management LLC now owns 86,508 shares of the company’s stock worth $2,024,000 after buying an additional 32,658 shares during the period. 97.04% of the stock is owned by institutional investors.

About Bristow Group

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Bristow Group Inc provides aviation services to integrated, national, and independent offshore energy companies in the United States. It also offers commercial search and rescue services; and other helicopter and fixed wing transportation services. As of March 31, 2022, the company had a fleet of 229 aircrafts, of which 213 were helicopters.

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