Clayton Partners LLC Cuts Holdings in Bristow Group Inc. $VTOL

Key Points

• Clayton Partners LLC reduced its stake in Bristow Group Inc. by 8.2%, selling 36,688 shares, which now means the firm holds 411,664 shares, valued at approximately $13 million.
• Other institutional investors have also increased their holdings in Bristow Group, with notable increases from Wells Fargo and Barclays PLC, reflecting growing confidence in the company.
• Bristow Group reported an earnings per share of $1.07 for the last quarter, surpassing analyst expectations and indicating a net margin of 8.24%.

Clayton Partners LLC cut its stake in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 411,664 shares of the company's stock after selling 36,688 shares during the period. Bristow Group makes up approximately 11.3% of Clayton Partners LLC's investment portfolio, making the stock its largest holding. Clayton Partners LLC owned about 1.43% of Bristow Group worth $13,000,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Federated Hermes Inc. grew its stake 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 purchasing an additional 390 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Bristow Group by 3.8% during the fourth 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 lifted its holdings in Bristow Group by 2.8% during the fourth 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. MetLife Investment Management LLC lifted its holdings in Bristow Group by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 14,932 shares of the company's stock worth $512,000 after acquiring an additional 819 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in 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 acquiring an additional 1,147 shares in the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Lorin L. Brass sold 5,250 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $37.47, for a total value of $196,717.50. Following the sale, the director directly owned 26,705 shares in the company, valued at $1,000,636.35. The trade was a 16.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Manzo sold 10,000 shares of the business's stock in a transaction dated 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 sale, the director owned 38,583 shares in the company, valued at approximately $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. In the last quarter, insiders sold 81,666 shares of company stock valued at $2,867,992. Company insiders own 13.40% of the company's stock.

Bristow Group Trading Down 2.2%

VTOL stock traded down $0.84 during midday trading on Wednesday, hitting $36.87. 20,080 shares of the company's stock were exchanged, compared to its average volume of 161,161. The stock's fifty day moving average price is $36.09 and its 200-day moving average price is $32.81. 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 cap of $1.06 billion, a PE ratio of 9.19 and a beta of 1.28. Bristow Group Inc. has a one year low of $25.11 and a one year high of $39.65.

Bristow Group (NYSE:VTOL - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.31. The firm had revenue of $376.43 million for the quarter, compared to analyst estimates 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.

Bristow Group 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.