Invesco Ltd. Trims Holdings in Bristow Group Inc. $VTOL

Key Points

• Invesco Ltd. decreased its holdings in Bristow Group Inc. by 10.8%, selling 46,344 shares in Q1, bringing its ownership to approximately 1.33% or $12.04 million in value.
• Insider selling activity included Director Maryanne Miller and Lorin L. Brass selling shares, resulting in a 7.42% and 16.43% decrease in their respective positions.
• Bristow Group reported better-than-expected earnings of $1.07 EPS, surpassing analyst estimates, with a revenue of $376.43 million for the quarter.

Invesco Ltd. cut its stake in Bristow Group Inc. (NYSE:VTOL - Free Report) by 10.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 381,387 shares of the company's stock after selling 46,344 shares during the quarter. Invesco Ltd. owned approximately 1.33% of Bristow Group worth $12,044,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Federated Hermes Inc. increased its position in shares of 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 buying an additional 390 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Bristow Group by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,983 shares of the company's stock valued at $480,000 after buying an additional 517 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Bristow Group by 795.5% in the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock valued at $27,000 after buying an additional 700 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Bristow Group by 2.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,402 shares of the company's stock valued at $906,000 after buying an additional 723 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of Bristow Group by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 14,932 shares of the company's stock valued at $512,000 after buying an additional 819 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Bristow Group

In other news, CFO Jennifer Dawn Whalen sold 5,000 shares of Bristow Group stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $37.55, for a total value of $187,750.00. Following the sale, the chief financial officer directly owned 94,203 shares of the company's stock, valued at $3,537,322.65. The trade was a 5.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lorin L. Brass sold 5,250 shares of Bristow Group stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,666 shares of company stock valued at $2,867,992. Insiders own 13.40% of the company's stock.

Bristow Group Price Performance

Shares of Bristow Group stock traded up $0.45 on Wednesday, reaching $38.11. The company's stock had a trading volume of 98,082 shares, compared to its average volume of 162,207. The company has a market capitalization of $1.10 billion, a P/E ratio of 9.50 and a beta of 1.32. Bristow Group Inc. has a 52-week low of $25.11 and a 52-week high of $39.91. The stock has a 50-day moving average price of $35.55 and a 200-day moving average price of $32.74. 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 (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 analysts' consensus estimates of $0.76 by $0.31. The business had revenue of $376.43 million during the quarter, compared to analysts' expectations 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.

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.