Brandywine Global Investment Management LLC Boosts Stake in Bristow Group Inc. $VTOL

Key Points

• Brandywine Global Investment Management LLC has increased its position in Bristow Group Inc. by 7.5%, owning 104,339 shares worth approximately $3.30 million as of the latest SEC filing.
• Several institutional investors, including SG Americas Securities LLC and GAMMA Investing LLC, have significantly increased their stakes in Bristow Group during the first quarter, indicating strong interest from financial institutions.
• Bristow Group reported $1.07 earnings per share for the quarter, exceeding analysts' expectations, although total revenue fell short of consensus estimates at $376.43 million.

Brandywine Global Investment Management LLC boosted its position in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 104,339 shares of the company's stock after buying an additional 7,265 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.36% of Bristow Group worth $3,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its position in shares of Bristow Group by 795.5% in the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock valued at $27,000 after purchasing an additional 700 shares during the period. Federated Hermes Inc. grew its position in shares of Bristow Group by 74.7% in the first quarter. Federated Hermes Inc. now owns 912 shares of the company's stock valued at $29,000 after purchasing an additional 390 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Bristow Group in the fourth quarter valued at about $118,000. PNC Financial Services Group Inc. grew its position 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 valued at $131,000 after purchasing an additional 1,147 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Bristow Group in the fourth quarter valued at about $142,000. Institutional investors and hedge funds own 93.29% of the company's stock.

Bristow Group Price Performance

Shares of NYSE VTOL traded up $1.1730 during trading on Friday, hitting $38.5530. The company had a trading volume of 239,378 shares, compared to its average volume of 190,090. The stock has a fifty day simple moving average of $35.40 and a two-hundred day simple moving average of $32.68. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $39.91. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.61 and a beta of 1.32. The company has a quick ratio of 1.44, a current ratio of 1.81 and a debt-to-equity ratio of 0.69.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates 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 news, Director Wesley E. Kern sold 2,531 shares of Bristow Group stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $37.72, for a total value of $95,469.32. Following the sale, the director owned 35,079 shares in the company, valued at $1,323,179.88. This trade represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Manzo sold 10,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $37.11, for a total transaction of $371,100.00. Following the completion of the transaction, the director directly owned 38,583 shares in the company, valued at approximately $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 quarter, insiders have sold 81,666 shares of company stock valued at $2,867,992. 13.40% of the stock is owned by company insiders.

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.