Bristow Group (NYSE:VTOL) Upgraded to "Buy" at Wall Street Zen

Key Points

• Bristow Group's stock rating has been upgraded from "hold" to "buy" by Wall Street Zen, indicating positive analyst sentiment.
• The company reported an earnings per share (EPS) of $1.07 for the last quarter, surpassing analysts' expectations of $0.76.
• Insider selling has occurred recently, with a Director and CFO both reducing their shares, collectively amounting to significant transactions in the company's stock.

Wall Street Zen upgraded shares of Bristow Group (NYSE:VTOL - Free Report) from a hold rating to a buy rating in a report published on Friday.

Bristow Group Stock Performance

Shares of VTOL stock traded up $0.11 on Friday, hitting $37.93. The company's stock had a trading volume of 182,026 shares, compared to its average volume of 150,830. The company has a market capitalization of $1.09 billion, a PE ratio of 9.46 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.44 and a current ratio of 1.81. Bristow Group has a fifty-two week low of $25.11 and a fifty-two week high of $39.31. The stock's 50 day moving average is $36.44 and its 200-day moving average is $32.82.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.31. Bristow Group had a net margin of 8.24% and a return on equity of 12.86%. The firm had revenue of $376.43 million for the quarter, compared to the consensus estimate of $380.00 million. Bristow Group has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS.

Insiders Place Their Bets

In other Bristow Group news, Director Lorin L. Brass sold 5,250 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $37.47, for a total transaction of $196,717.50. Following the completion of the transaction, the director owned 26,705 shares in the company, valued at approximately $1,000,636.35. This trade represents a 16.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Manzo sold 10,000 shares of Bristow Group stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $37.11, for a total transaction of $371,100.00. Following the completion of the sale, the director owned 38,583 shares of the company's stock, valued at $1,431,815.13. This represents a 20.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 81,666 shares of company stock worth $2,867,992 over the last quarter. 13.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bristow Group

A number of hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System raised its stake in Bristow Group by 10.2% in the 1st quarter. New York State Teachers Retirement System now owns 18,389 shares of the company's stock valued at $581,000 after acquiring an additional 1,706 shares during the period. SG Americas Securities LLC raised its stake in Bristow Group by 244.6% in the 1st quarter. SG Americas Securities LLC now owns 17,870 shares of the company's stock valued at $564,000 after acquiring an additional 12,684 shares during the period. Assenagon Asset Management S.A. bought a new stake in Bristow Group in the 1st quarter valued at about $451,000. GAMMA Investing LLC raised its stake in Bristow Group by 3,773.3% in the 1st quarter. GAMMA Investing LLC now owns 23,085 shares of the company's stock valued at $731,000 after acquiring an additional 22,489 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in Bristow Group by 17.3% in the 4th quarter. Nuveen Asset Management LLC now owns 75,121 shares of the company's stock valued at $2,577,000 after acquiring an additional 11,061 shares during the period. 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.