Cubist Systematic Strategies LLC Sells 16,116 Shares of Bristow Group Inc. $VTOL

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 stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 33.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,329 shares of the company's stock after selling 16,116 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.11% of Bristow Group worth $1,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of VTOL. Federated Hermes Inc. lifted its stake in 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 purchasing an additional 390 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Bristow Group during the fourth quarter valued at about $118,000. PNC Financial Services Group Inc. boosted its position 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 purchasing an additional 1,147 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Bristow Group in the first quarter worth about $180,000. Finally, Perennial Advisors LLC bought a new stake in shares of Bristow Group in the first quarter valued at approximately $222,000. Hedge funds and other institutional investors own 93.29% of the company's stock.

Bristow Group Stock Up 0.3%

Shares of NYSE:VTOL opened at $37.93 on Tuesday. The firm has a fifty day moving average price of $36.44 and a two-hundred day moving average price of $32.82. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 9.46 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.81 and a quick ratio of 1.44. Bristow Group Inc. has a one year low of $25.11 and a one year high of $39.31.

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

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Bristow Group from a "hold" rating to a "buy" rating in a report on Friday.

Insider Transactions at Bristow Group

In other news, CFO Jennifer Dawn Whalen sold 5,000 shares of Bristow Group stock in a transaction dated 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 sale, the chief financial officer owned 94,203 shares in the company, valued at approximately $3,537,322.65. This trade represents a 5.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Wesley E. Kern sold 2,531 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $37.72, for a total transaction of $95,469.32. Following the completion of the transaction, the director owned 35,079 shares in the company, valued at approximately $1,323,179.88. This trade represents a 6.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,666 shares of company stock worth $2,867,992. 13.40% of the stock is owned by insiders.

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.

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