81,939 Shares in Bristow Group Inc. $VTOL Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired 81,939 shares of Bristow Group Inc. valued at around $2.59 million, representing a 0.28% ownership of the company as of its latest SEC filing.
• Bristow Group's stock experienced a slight uptick of 1.1%, with the current share price at $38.48, following a quarterly earnings report that surpassed expectations with an EPS of $1.07.
• In recent insider trading, director Wesley E. Kern and CFO Jennifer Dawn Whalen sold shares, resulting in respective decreases of 6.73% and 5.04% in their ownership positions.

Nuveen LLC bought a new stake in Bristow Group Inc. (NYSE:VTOL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 81,939 shares of the company's stock, valued at approximately $2,588,000. Nuveen LLC owned 0.28% of Bristow Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in VTOL. Federated Hermes Inc. grew its holdings in shares of Bristow Group by 74.7% in the first quarter. Federated Hermes Inc. now owns 912 shares of the company's stock worth $29,000 after purchasing an additional 390 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Bristow Group in the fourth quarter worth about $118,000. PNC Financial Services Group Inc. grew its holdings in shares of Bristow Group by 38.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,159 shares of the company's stock worth $131,000 after purchasing an additional 1,147 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of Bristow Group in the fourth quarter worth about $142,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Bristow Group in the first quarter worth about $180,000. Hedge funds and other institutional investors own 93.29% of the company's stock.

Insider Activity

In other news, CFO Jennifer Dawn Whalen sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $37.55, for a total transaction of $187,750.00. Following the transaction, the chief financial officer directly owned 94,203 shares in the company, valued at approximately $3,537,322.65. This trade represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stuart Stavley sold 10,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $37.10, for a total transaction of $371,000.00. Following the completion of the sale, the chief operating officer owned 78,947 shares in the company, valued at $2,928,933.70. This represents a 11.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,666 shares of company stock valued at $2,867,992. 13.40% of the stock is currently owned by corporate insiders.

Bristow Group Trading Up 0.1%

Shares of NYSE VTOL traded up $0.05 during mid-day trading on Friday, reaching $38.51. The company had a trading volume of 147,820 shares, compared to its average volume of 187,808. The business's 50-day moving average is $35.84 and its 200-day moving average is $32.79. The company has a current ratio of 1.81, a quick ratio of 1.44 and a debt-to-equity ratio of 0.69. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 9.60 and a beta of 1.32. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $39.91.

Bristow Group (NYSE:VTOL - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $1.07 EPS for the quarter, beating 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 business 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.

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.