Brandywine Global Investment Management LLC Has $3.30 Million Position 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 increased its position in Bristow Group Inc. (NYSE:VTOL - Free Report) by 7.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 0.36% of Bristow Group worth $3,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System increased its stake in shares of Bristow Group by 10.2% in the first quarter. New York State Teachers Retirement System now owns 18,389 shares of the company's stock valued at $581,000 after buying an additional 1,706 shares during the period. SG Americas Securities LLC increased its position in Bristow Group by 244.6% during the 1st quarter. SG Americas Securities LLC now owns 17,870 shares of the company's stock valued at $564,000 after purchasing an additional 12,684 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Bristow Group during the 1st quarter valued at approximately $451,000. GAMMA Investing LLC increased its position in Bristow Group by 3,773.3% during the 1st quarter. GAMMA Investing LLC now owns 23,085 shares of the company's stock valued at $731,000 after purchasing an additional 22,489 shares during the period. Finally, Nuveen Asset Management LLC increased its position in Bristow Group by 17.3% during the 4th quarter. Nuveen Asset Management LLC now owns 75,121 shares of the company's stock valued at $2,577,000 after purchasing an additional 11,061 shares during the period. Institutional investors and hedge funds own 93.29% of the company's stock.

Insider Buying and Selling at Bristow Group

In other Bristow Group news, Director Wesley E. Kern sold 2,531 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $37.72, for a total transaction of $95,469.32. Following the transaction, the director directly owned 35,079 shares in the company, valued at approximately $1,323,179.88. This represents a 6.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Manzo sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $37.11, for a total value of $371,100.00. Following the transaction, the director owned 38,583 shares in the company, valued at $1,431,815.13. The trade was a 20.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,666 shares of company stock worth $2,867,992. Company insiders own 13.40% of the company's stock.

Bristow Group Stock Performance

NYSE:VTOL opened at $38.21 on Tuesday. The company has a market capitalization of $1.10 billion, a PE ratio of 9.53 and a beta of 1.32. The company has a 50 day simple moving average of $35.07 and a two-hundred day simple moving average of $32.60. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.44 and a current ratio of 1.81. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $39.91.

Bristow Group (NYSE:VTOL - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. The business had revenue of $376.43 million during 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 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.

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