Bristow Group Inc. $VTOL Shares Sold by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC decreased its holdings in Bristow Group Inc. by 33.3%, selling 16,116 shares during the first quarter, leaving them with approximately 32,329 shares valued at over $1 million.
• Other investors such as Federated Hermes Inc. and PNC Financial Services Group Inc. increased their stakes in Bristow Group, reflecting growing institutional interest in the company.
• Bristow Group's stock price recently increased 0.3%, with a market cap of $1.09 billion and a reported earnings per share of $1.07, surpassing analysts' expectations.

Cubist Systematic Strategies LLC trimmed its holdings in Bristow Group Inc. (NYSE:VTOL - Free Report) by 33.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,329 shares of the company's stock after selling 16,116 shares during the period. Cubist Systematic Strategies LLC owned 0.11% of Bristow Group worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of VTOL. Federated Hermes Inc. lifted its position in shares of Bristow Group by 74.7% in the first quarter. Federated Hermes Inc. now owns 912 shares of the company's stock valued at $29,000 after acquiring an additional 390 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Bristow Group during the fourth quarter worth approximately $118,000. PNC Financial Services Group Inc. lifted its stake in shares of 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 purchasing an additional 1,147 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Bristow Group during the 1st quarter worth $180,000. Finally, Perennial Advisors LLC acquired a new stake in Bristow Group in the 1st quarter worth about $222,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Bristow Group from a "hold" rating to a "buy" rating in a research note on Friday, September 5th.

Bristow Group Stock Down 1.5%

Shares of VTOL stock traded down $0.56 during trading hours on Friday, reaching $37.72. The company had a trading volume of 74,765 shares, compared to its average volume of 144,088. The company has a market capitalization of $1.09 billion, a P/E ratio of 9.41 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.44 and a current ratio of 1.81. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $39.31. The stock's fifty day simple moving average is $36.74 and its 200 day simple moving average is $32.90.

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, topping analysts' consensus estimates of $0.76 by $0.31. The firm had revenue of $376.43 million during the quarter, compared to analysts' expectations 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.

Insider Buying and Selling at Bristow Group

In related news, Director Robert Manzo sold 10,000 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $37.11, for a total transaction of $371,100.00. Following the completion of the sale, the director directly owned 38,583 shares of the company's stock, valued at approximately $1,431,815.13. This trade represents a 20.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jennifer Dawn Whalen sold 5,000 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $37.55, for a total transaction of $187,750.00. Following the completion of the transaction, the chief financial officer owned 94,203 shares in the company, valued at $3,537,322.65. This represents a 5.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,809 shares of company stock worth $1,332,241. 13.40% of the stock is currently owned by insiders.

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.