Nuveen LLC Invests $2.59 Million in Bristow Group Inc. $VTOL

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 purchased a new position in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 81,939 shares of the company's stock, valued at approximately $2,588,000. Nuveen LLC owned about 0.28% of Bristow Group at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VTOL. Wells Fargo & Company MN lifted its holdings in Bristow Group by 29.6% during the 4th quarter. Wells Fargo & Company MN now owns 14,841 shares of the company's stock worth $509,000 after purchasing an additional 3,392 shares during the last quarter. Barclays PLC lifted its holdings in Bristow Group by 39.7% during the 4th quarter. Barclays PLC now owns 52,647 shares of the company's stock worth $1,806,000 after purchasing an additional 14,956 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Bristow Group by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,621,027 shares of the company's stock worth $55,600,000 after purchasing an additional 48,852 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Bristow Group by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 14,932 shares of the company's stock worth $512,000 after purchasing an additional 819 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in Bristow Group during the 4th quarter worth approximately $1,038,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Bristow Group Stock Performance

NYSE:VTOL traded down $0.65 during mid-day trading on Wednesday, hitting $37.05. 144,497 shares of the stock were exchanged, compared to its average volume of 181,711. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.24 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. The firm's 50-day simple moving average is $36.18 and its 200 day simple moving average is $32.84. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $39.65.

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 for the quarter, beating the consensus estimate of $0.76 by $0.31. The firm had revenue of $376.43 million during the quarter, compared to analysts' expectations of $380.00 million. Bristow Group had a return on equity of 12.86% and a net margin of 8.24%. Bristow Group has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS.

Insider Transactions at Bristow Group

In other Bristow Group news, COO Stuart Stavley sold 10,000 shares of Bristow Group stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $37.10, for a total value of $371,000.00. Following the completion of the transaction, the chief operating officer directly owned 78,947 shares of the company's stock, valued at $2,928,933.70. The trade was a 11.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $371,100.00. Following the completion of the transaction, the director directly owned 38,583 shares of the company's stock, valued at $1,431,815.13. This represents a 20.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,666 shares of company stock worth $2,867,992. Corporate insiders own 13.40% of the company's stock.

Bristow Group 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.