Bristow Group Inc. $VTOL Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its ownership in Bristow Group Inc. by 14.5% in the first quarter, acquiring an additional 84,061 shares and bringing its total shares to 663,001, valued at approximately $20.9 million.
• Insider selling was reported as Maryanne Miller and Wesley E. Kern sold 1,800 and 2,531 shares respectively, resulting in a decrease in ownership of 7.42% and 6.73%, with insiders owning a total of 13.40% of the stock.
• Bristow Group's quarterly earnings surpassed analysts' estimates with earnings per share of $1.07, although revenues reported at $376.43 million fell slightly short of the $380 million estimate.

American Century Companies Inc. grew its holdings in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 14.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 663,001 shares of the company's stock after purchasing an additional 84,061 shares during the period. American Century Companies Inc. owned about 2.30% of Bristow Group worth $20,938,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC increased its stake in Bristow Group by 795.5% during the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock worth $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% during the first quarter. Federated Hermes Inc. now owns 912 shares of the company's stock worth $29,000 after buying an additional 390 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Bristow Group during the fourth quarter worth about $118,000. PNC Financial Services Group Inc. grew its position in shares of Bristow Group by 38.1% during the first quarter. PNC Financial Services Group Inc. now owns 4,159 shares of the company's stock worth $131,000 after buying an additional 1,147 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Bristow Group during the fourth quarter worth about $142,000. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Bristow Group Stock Up 1.2%

Shares of Bristow Group stock traded up $0.45 on Wednesday, reaching $38.11. 98,082 shares of the company were exchanged, compared to its average volume of 162,207. Bristow Group Inc. has a 1-year low of $25.11 and a 1-year high of $39.91. The company has a market cap of $1.10 billion, a P/E ratio of 9.50 and a beta of 1.32. 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's 50 day moving average price is $35.55 and its 200-day moving average price is $32.74.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.31. Bristow Group had a return on equity of 12.86% and a net margin of 8.24%.The business had revenue of $376.43 million during the quarter, compared to the consensus estimate of $380.00 million. Bristow Group has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS.

Insider Transactions at Bristow Group

In related news, CFO Jennifer Dawn Whalen sold 5,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 94,203 shares of the company's stock, valued at $3,537,322.65. This represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Manzo 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 $37.11, for a total value of $371,100.00. Following the completion of the transaction, the director directly owned 38,583 shares of the company's stock, valued at $1,431,815.13. This trade represents a 20.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,666 shares of company stock valued at $2,867,992 over the last three months. 13.40% of the stock is owned by corporate 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.