Bridgeway Capital Management LLC Purchases 39,787 Shares of Bristow Group Inc. $VTOL

Key Points

• Bridgeway Capital Management LLC increased its stake in Bristow Group Inc. by 30.8% during the first quarter, owning approximately 168,802 shares worth about $5.3 million.
• In Q1, other investors like Federated Hermes and PNC Financial Services also significantly raised their stakes, indicating strong institutional interest in Bristow Group.
• Bristow Group reported a quarterly earnings per share of $1.07, surpassing analysts' expectations of $0.76, however, revenue of $376.43 million fell short of the $380 million estimate.

Bridgeway Capital Management LLC boosted its stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 30.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,802 shares of the company's stock after purchasing an additional 39,787 shares during the period. Bridgeway Capital Management LLC owned about 0.59% of Bristow Group worth $5,331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System increased its position in Bristow Group by 10.2% during the 1st 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 in the last quarter. SG Americas Securities LLC raised its holdings in shares of Bristow Group by 244.6% during the first 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 last quarter. Assenagon Asset Management S.A. bought a new position in shares of Bristow Group during the 1st quarter valued at $451,000. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 22,489 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in shares of 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 buying an additional 11,061 shares during the period. Hedge funds and other institutional investors own 93.29% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Bristow Group from a "hold" rating to a "buy" rating in a report on Friday, September 5th.

Bristow Group Stock Performance

VTOL traded up $0.08 during trading on Wednesday, reaching $37.79. 30,447 shares of the company's stock were exchanged, compared to its average volume of 161,432. Bristow Group Inc. has a 1 year low of $25.11 and a 1 year high of $39.31. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.81 and a quick ratio of 1.44. The stock has a market capitalization of $1.09 billion, a P/E ratio of 9.43 and a beta of 1.28. The company's fifty day simple moving average is $36.52 and its 200-day simple moving average is $32.85.

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 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 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 Buying and Selling at Bristow Group

In other Bristow Group news, CFO Jennifer Dawn Whalen sold 5,000 shares of Bristow Group stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $37.55, for a total value of $187,750.00. Following the completion of the sale, the chief financial officer owned 94,203 shares in the company, valued at $3,537,322.65. The trade was a 5.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Stuart Stavley sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $37.10, for a total value of $371,000.00. Following the sale, the chief operating officer owned 78,947 shares in the company, valued at $2,928,933.70. The trade was a 11.24% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,666 shares of company stock worth $2,867,992. 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.