Empowered Funds LLC Purchases 19,487 Shares of Bristow Group Inc. $VTOL

Key Points

• Empowered Funds LLC increased its stake in Bristow Group Inc. by 22.9%, owning a total of 104,469 shares valued at approximately $3.3 million after purchasing an additional 19,487 shares in Q1.
• Other institutional investors, like Bridgeway Capital Management, also raised their stakes in Bristow Group, highlighting a trend of increased interest from large investors as 93.29% of the stock is held by institutions.
• Bristow Group shares were upgraded from a "hold" to a "buy" rating by Wall Street Zen, as the stock trades at around $37.72 with a recent earnings report showing strong performance, beating consensus by $0.31 per share.

Empowered Funds LLC increased its holdings in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 22.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,469 shares of the company's stock after acquiring an additional 19,487 shares during the quarter. Empowered Funds LLC owned about 0.36% of Bristow Group worth $3,299,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its position in Bristow Group by 18.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,561 shares of the company's stock worth $328,000 after buying an additional 1,502 shares during the period. Northern Trust Corp increased its position in Bristow Group by 7.5% during the 4th quarter. Northern Trust Corp now owns 263,861 shares of the company's stock worth $9,050,000 after buying an additional 18,431 shares during the period. BNP Paribas Financial Markets bought a new position in Bristow Group during the 4th quarter worth $118,000. Bank of America Corp DE increased its position in Bristow Group by 73.8% during the 4th quarter. Bank of America Corp DE now owns 41,743 shares of the company's stock worth $1,432,000 after buying an additional 17,728 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in Bristow Group by 31.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 151,601 shares of the company's stock worth $5,200,000 after buying an additional 35,855 shares during the period. 93.29% of the stock is owned by institutional investors and hedge funds.

Bristow Group Price Performance

Shares of VTOL traded up $0.59 during trading hours on Thursday, hitting $38.24. 63,236 shares of the company were exchanged, compared to its average volume of 160,798. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 9.51 and a beta of 1.28. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $39.31. The company has a quick ratio of 1.44, a current ratio of 1.81 and a debt-to-equity ratio of 0.69. The firm's fifty day moving average is $36.94 and its 200 day moving average is $32.94.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings data 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. 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 during 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.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Bristow Group

In related news, Director Lorin L. Brass sold 5,250 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $37.47, for a total transaction of $196,717.50. Following the completion of the sale, the director directly owned 26,705 shares in the company, valued at $1,000,636.35. This represents a 16.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Manzo sold 10,000 shares of the company's 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 sale, the director owned 38,583 shares of the company's stock, valued at approximately $1,431,815.13. This represents a 20.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,809 shares of company stock worth $1,332,241 over the last quarter. 13.40% of the stock is currently owned by company 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.