AlphaQuest LLC Buys 17,608 Shares of Bristow Group Inc. $VTOL

Key Points

• AlphaQuest LLC significantly increased its stake in Bristow Group Inc. by 595.9% in Q1, now owning 20,563 shares valued at $649,000.
• Insider selling has occurred, with Director Robert Manzo selling 10,000 shares for approximately $371,100, reducing his ownership by 20.58%.
• Bristow Group reported a net margin of 8.24% and earnings per share of $1.07, exceeding analysts' expectations by $0.31.

AlphaQuest LLC grew its holdings in Bristow Group Inc. (NYSE:VTOL - Free Report) by 595.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,563 shares of the company's stock after acquiring an additional 17,608 shares during the period. AlphaQuest LLC owned about 0.07% of Bristow Group worth $649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Bristow Group by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,621,027 shares of the company's stock valued at $55,600,000 after acquiring an additional 48,852 shares in the last quarter. Taconic Capital Advisors LP lifted its position in shares of Bristow Group by 4.9% in the fourth quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company's stock valued at $37,659,000 after acquiring an additional 50,900 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Bristow Group by 17.7% in the first quarter. Brown Advisory Inc. now owns 1,009,740 shares of the company's stock valued at $31,888,000 after acquiring an additional 151,784 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Bristow Group by 14.5% in the first quarter. American Century Companies Inc. now owns 663,001 shares of the company's stock valued at $20,938,000 after acquiring an additional 84,061 shares in the last quarter. Finally, Western Standard LLC lifted its position in shares of Bristow Group by 41.5% in the fourth quarter. Western Standard LLC now owns 563,318 shares of the company's stock valued at $19,322,000 after acquiring an additional 165,318 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Bristow Group Price Performance

Shares of Bristow Group stock traded up $0.42 during trading hours on Thursday, hitting $38.48. The company's stock had a trading volume of 169,123 shares, compared to its average volume of 186,110. Bristow Group Inc. has a 12-month low of $25.11 and a 12-month high of $39.91. 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 business has a 50 day moving average price of $35.74 and a two-hundred day moving average price of $32.79. The company has a market cap of $1.11 billion, a PE ratio of 9.60 and a beta of 1.32.

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

Insider Transactions at Bristow Group

In other news, Director Lorin L. Brass sold 5,250 shares of Bristow Group stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $37.47, for a total value of $196,717.50. Following the sale, the director directly owned 26,705 shares of the company's stock, valued at approximately $1,000,636.35. The trade was a 16.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maryanne Miller sold 1,800 shares of Bristow Group stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $38.37, for a total value of $69,066.00. Following the completion of the sale, the director directly owned 22,452 shares in the company, valued at $861,483.24. This trade represents a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,666 shares of company stock valued at $2,867,992. 13.40% of the stock is owned by insiders.

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.