Charles Schwab Investment Management Inc. Increases Position in Bristow Group Inc. $VTOL

Key Points

• Charles Schwab Investment Management Inc. increased its ownership in Bristow Group Inc. (NYSE:VTOL) by 12.6%, holding 313,074 shares worth approximately $9.89 million at the end of the first quarter.
• Bristow Group reported an earnings per share (EPS) of $1.07, surpassing analysts' expectations by $0.31, with revenue at $376.43 million during the last quarter.
• Insiders at Bristow Group have sold a total of 81,666 shares worth nearly $2.87 million over the past three months, indicating significant selling activity among directors.

Charles Schwab Investment Management Inc. grew its position in Bristow Group Inc. (NYSE:VTOL - Free Report) by 12.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 313,074 shares of the company's stock after purchasing an additional 34,936 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.09% of Bristow Group worth $9,887,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in Bristow Group by 38.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,159 shares of the company's stock worth $131,000 after acquiring an additional 1,147 shares in the last quarter. Federated Hermes Inc. raised its stake in Bristow Group by 74.7% during the 1st quarter. Federated Hermes Inc. now owns 912 shares of the company's stock worth $29,000 after acquiring an additional 390 shares in the last quarter. Graham Capital Wealth Management LLC raised its stake in Bristow Group by 14.3% during the 1st quarter. Graham Capital Wealth Management LLC now owns 98,979 shares of the company's stock worth $3,126,000 after acquiring an additional 12,411 shares in the last quarter. Mackenzie Financial Corp raised its stake in Bristow Group by 18.7% during the 1st quarter. Mackenzie Financial Corp now owns 12,663 shares of the company's stock worth $400,000 after acquiring an additional 1,992 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new stake in Bristow Group during the 1st quarter worth $522,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Bristow Group Stock Up 0.1%

NYSE:VTOL traded up $0.05 during midday trading on Friday, hitting $38.51. 147,820 shares of the company were exchanged, compared to its average volume of 187,808. The company has a fifty day simple moving average of $35.84 and a 200 day simple moving average of $32.79. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $39.91. The company has a current ratio of 1.81, a quick ratio of 1.44 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $1.11 billion, a PE ratio of 9.60 and a beta of 1.32.

Bristow Group (NYSE:VTOL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. The company had revenue of $376.43 million for the quarter, compared to analyst estimates 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.

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 of the company's stock, valued at $1,323,179.88. The trade was a 6.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jennifer Dawn Whalen sold 5,000 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $37.55, for a total transaction of $187,750.00. Following the sale, the chief financial officer directly owned 94,203 shares in the company, valued at approximately $3,537,322.65. This represents a 5.04% decrease in their position. 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. 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.