Bristow Group Inc. $VTOL Shares Acquired by Empowered Funds LLC

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 raised its holdings in Bristow Group Inc. (NYSE:VTOL - Free Report) by 22.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 104,469 shares of the company's stock after purchasing an additional 19,487 shares during the quarter. Empowered Funds LLC owned 0.36% of Bristow Group worth $3,299,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Federated Hermes Inc. boosted its stake in shares of Bristow Group by 74.7% in the first quarter. Federated Hermes Inc. now owns 912 shares of the company's stock worth $29,000 after buying an additional 390 shares during the last quarter. Banque Transatlantique SA purchased a new stake in Bristow Group in the 1st quarter worth approximately $73,000. BNP Paribas Financial Markets purchased a new stake in Bristow Group in the 4th quarter worth approximately $118,000. PNC Financial Services Group Inc. grew 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. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Bristow Group during the 1st quarter valued at approximately $180,000. Hedge funds and other institutional investors own 93.29% of the company's stock.

Insider Transactions at Bristow Group

In related news, Director Lorin L. Brass sold 5,250 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $37.47, for a total value of $196,717.50. Following the completion of the transaction, the director directly owned 26,705 shares of the company's stock, valued at approximately $1,000,636.35. This represents a 16.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wesley E. Kern sold 2,531 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $37.72, for a total value of $95,469.32. Following the completion of the transaction, the director directly owned 35,079 shares of the company's stock, valued at approximately $1,323,179.88. This represents a 6.73% 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 in the last quarter. 13.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Bristow Group Price Performance

Shares of VTOL traded down $0.04 during trading hours on Monday, hitting $37.68. 155,595 shares of the stock were exchanged, compared to its average volume of 140,819. The stock's 50-day moving average price is $36.83 and its two-hundred day moving average price is $32.87. 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 cap of $1.09 billion, a price-to-earnings ratio of 9.40 and a beta of 1.28.

Bristow Group (NYSE:VTOL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.07 EPS for the quarter, beating 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 firm 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.

About Bristow Group

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.