Bristow Group Inc. $VTOL Shares Purchased by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC has increased its stake in Bristow Group by 27.7% in the 1st quarter, owning approximately 96,935 shares valued at $3.06 million.
• Other institutional investors also raised their stakes, including Federated Hermes Inc., which increased its position by 74.7%, now owning 912 shares valued at $29,000.
• Bristow Group's stock is currently trading at $37.72, experiencing a 1.5% decline, with a market cap of approximately $1.09 billion.

Intech Investment Management LLC increased its holdings in Bristow Group Inc. (NYSE:VTOL - Free Report) by 27.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,935 shares of the company's stock after buying an additional 21,027 shares during the period. Intech Investment Management LLC owned about 0.34% of Bristow Group worth $3,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of VTOL. Western Standard LLC raised its stake in Bristow Group by 41.5% in the fourth quarter. Western Standard LLC now owns 563,318 shares of the company's stock worth $19,322,000 after buying an additional 165,318 shares in the last quarter. Brown Advisory Inc. raised its stake in Bristow Group by 17.7% in the first quarter. Brown Advisory Inc. now owns 1,009,740 shares of the company's stock worth $31,888,000 after buying an additional 151,784 shares in the last quarter. American Century Companies Inc. raised its stake in Bristow Group by 14.5% in the first quarter. American Century Companies Inc. now owns 663,001 shares of the company's stock worth $20,938,000 after buying an additional 84,061 shares in the last quarter. Nuveen LLC bought a new position in Bristow Group in the first quarter worth approximately $2,588,000. Finally, Taconic Capital Advisors LP raised its stake in Bristow Group by 4.9% in the fourth quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company's stock worth $37,659,000 after buying an additional 50,900 shares in the last quarter. Institutional investors own 93.29% of the company's stock.

Wall Street Analyst Weigh In

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.

Insider Activity

In related news, Director Lorin L. Brass sold 5,250 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $37.47, for a total transaction of $196,717.50. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jennifer Dawn Whalen sold 5,000 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $37.55, for a total transaction of $187,750.00. Following the transaction, the chief financial officer owned 94,203 shares of the company's stock, valued at $3,537,322.65. This represents a 5.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,809 shares of company stock valued at $1,332,241. 13.40% of the stock is owned by corporate insiders.

Bristow Group Stock Up 2.0%

NYSE VTOL traded up $0.76 on Thursday, hitting $38.41. The stock had a trading volume of 179,363 shares, compared to its average volume of 141,556. The business's fifty day moving average price is $37.00 and its 200 day moving average price is $32.97. 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 52-week low of $25.11 and a 52-week high of $39.31. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 9.58 and a beta of 1.28.

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, beating analysts' consensus estimates 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 net margin of 8.24% and a return on equity of 12.86%. Bristow Group has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS.

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.