Intech Investment Management LLC Boosts Position in Bristow Group Inc. $VTOL

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 stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 27.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,935 shares of the company's stock after buying an additional 21,027 shares during the period. Intech Investment Management LLC owned 0.34% of Bristow Group worth $3,061,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. increased its position in Bristow Group by 74.7% during the 1st 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 period. Banque Transatlantique SA purchased a new position in Bristow Group during the 1st quarter valued at about $73,000. BNP Paribas Financial Markets purchased a new position in Bristow Group during the 4th quarter valued at about $118,000. PNC Financial Services Group Inc. increased its position in Bristow Group by 38.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,159 shares of the company's stock valued at $131,000 after purchasing an additional 1,147 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in Bristow Group during the 1st quarter valued at about $180,000. Hedge funds and other institutional investors own 93.29% of the company's stock.

Bristow Group Stock Down 1.5%

Shares of Bristow Group stock opened at $37.72 on Friday. The firm's 50 day moving average price is $36.74 and its 200-day moving average price is $32.90. The company has a quick ratio of 1.44, a current ratio of 1.81 and a debt-to-equity ratio of 0.69. Bristow Group Inc. has a 52-week low of $25.11 and a 52-week high of $39.31. The company has a market cap of $1.09 billion, a P/E ratio of 9.41 and a beta of 1.28.

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 firm had revenue of $376.43 million for the quarter, compared to the consensus estimate 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.

Insider Buying and Selling

In related news, Director Robert Manzo sold 10,000 shares of Bristow Group stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $37.11, for a total value of $371,100.00. Following the completion of the sale, the director directly owned 38,583 shares in the company, valued at $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 available at this link. Also, Director Wesley E. Kern sold 2,531 shares of Bristow Group 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 sale, the director owned 35,079 shares of the company's stock, valued at $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. Insiders sold 35,809 shares of company stock worth $1,332,241 over the last ninety days. Company insiders own 13.40% of the company's stock.

Analysts Set New Price Targets

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

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.

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