American Century Companies Inc. Has $20.94 Million Stake in Bristow Group Inc. $VTOL

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. lifted its stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 14.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 663,001 shares of the company's stock after buying an additional 84,061 shares during the period. American Century Companies Inc. owned about 2.30% of Bristow Group worth $20,938,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VTOL. New York State Teachers Retirement System increased its holdings 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 purchasing an additional 1,706 shares in the last quarter. SG Americas Securities LLC increased its holdings 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 in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Bristow Group during the 1st quarter valued at $451,000. GAMMA Investing LLC increased its holdings 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 in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings 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 in the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Bristow Group

In other Bristow Group news, Director Robert Manzo sold 10,000 shares of the stock in a transaction 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 directly owned 38,583 shares in the company, valued at approximately $1,431,815.13. This trade represents a 20.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stuart Stavley sold 10,000 shares of the stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 81,666 shares of company stock worth $2,867,992. Corporate insiders own 13.40% of the company's stock.

Bristow Group Price Performance

VTOL stock traded up $0.05 during midday trading on Friday, reaching $38.51. 147,820 shares of the company's stock traded hands, compared to its average volume of 187,808. The company has a 50-day simple moving average of $35.84 and a two-hundred day simple moving average of $32.81. 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 $1.11 billion, a price-to-earnings ratio of 9.60 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 released its quarterly 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. Bristow Group had a return on equity of 12.86% and a net margin of 8.24%.The firm had revenue of $376.43 million during the quarter, compared to analysts' expectations of $380.00 million. Bristow Group has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS.

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.