AlphaQuest LLC Has $649,000 Position in 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 lifted its stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 595.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,563 shares of the company's stock after acquiring an additional 17,608 shares during the quarter. AlphaQuest LLC owned approximately 0.07% of Bristow Group worth $649,000 as of its most recent filing with the Securities and Exchange Commission.

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

Bristow Group Stock 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 188,175. Bristow Group Inc. has a twelve month low of $25.11 and a twelve 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 stock has a market capitalization of $1.11 billion, a PE ratio of 9.60 and a beta of 1.28. The stock's 50 day moving average is $35.84 and its 200-day moving average is $32.76.

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

Insider Activity

In other Bristow Group news, Director Lorin L. Brass sold 5,250 shares of the stock in a transaction 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 transaction, the director directly owned 26,705 shares of the company's stock, valued at $1,000,636.35. This represents a 16.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jennifer Dawn Whalen sold 5,000 shares of the stock in a transaction on Thursday, August 7th. The stock was 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 $3,537,322.65. The trade was a 5.04% 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 valued at $2,867,992. Corporate insiders own 13.40% of the company's stock.

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.