Newtyn Management LLC Sells 305,634 Shares of Bristow Group Inc. $VTOL

Key Points

• Newtyn Management LLC sold 94.4% of its shares in Bristow Group, reducing its ownership to approximately 0.06%, worth $571,000 after selling 305,634 shares in the first quarter.
• Despite Newtyn's reduction, Federated Hermes Inc. increased its stake by 74.7% during the same period, while several other investors acquired new positions in Bristow Group.
• Bristow Group reported an earnings per share of $1.07 for the last quarter, surpassing analysts' expectations of $0.76, although revenue was slightly below forecast, coming in at $376.43 million.

Newtyn Management LLC lessened its holdings in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 94.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,080 shares of the company's stock after selling 305,634 shares during the quarter. Newtyn Management LLC owned 0.06% of Bristow Group worth $571,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. grew its position in shares of Bristow Group by 74.7% in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Bristow Group by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,983 shares of the company's stock worth $480,000 after acquiring an additional 517 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Bristow Group by 2.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,402 shares of the company's stock worth $906,000 after acquiring an additional 723 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Bristow Group by 38.1% in 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. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Bristow Group by 18.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,561 shares of the company's stock worth $328,000 after acquiring an additional 1,502 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company's stock.

Bristow Group Stock Down 0.7%

Shares of VTOL stock traded down $0.26 on Wednesday, reaching $37.45. 47,191 shares of the company's stock traded hands, compared to its average volume of 161,505. Bristow Group Inc. has a 12-month low of $25.11 and a 12-month high of $39.31. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.44 and a current ratio of 1.81. The company has a market capitalization of $1.08 billion, a P/E ratio of 9.34 and a beta of 1.28. The business's 50 day moving average price is $36.52 and its two-hundred day moving average price is $32.85.

Bristow Group (NYSE:VTOL - Get Free Report) last issued 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 business had revenue of $376.43 million for 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 other Bristow Group news, Director Robert Manzo sold 10,000 shares of the business's stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lorin L. Brass sold 5,250 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $37.47, for a total value of $196,717.50. Following the completion of the transaction, the director owned 26,705 shares in the company, valued at $1,000,636.35. This trade represents a 16.43% 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 valued at $2,867,992. Corporate insiders own 13.40% of the company's stock.

Analyst Upgrades and Downgrades

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

Bristow Group Company 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.