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

A number of other hedge funds also recently made changes to their positions in the business. New York State Teachers Retirement System increased its position in Bristow Group by 10.2% in the 1st quarter. New York State Teachers Retirement System now owns 18,389 shares of the company's stock valued at $581,000 after acquiring an additional 1,706 shares during the period. SG Americas Securities LLC increased its position in Bristow Group by 244.6% in the 1st quarter. SG Americas Securities LLC now owns 17,870 shares of the company's stock valued at $564,000 after acquiring an additional 12,684 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Bristow Group in the 1st quarter valued at approximately $451,000. GAMMA Investing LLC increased its position in Bristow Group by 3,773.3% in the 1st quarter. GAMMA Investing LLC now owns 23,085 shares of the company's stock valued at $731,000 after acquiring an additional 22,489 shares during the period. Finally, Nuveen Asset Management LLC increased its position in Bristow Group by 17.3% in the 4th quarter. Nuveen Asset Management LLC now owns 75,121 shares of the company's stock valued at $2,577,000 after acquiring an additional 11,061 shares during the period. Institutional investors own 93.29% of the company's stock.

Bristow Group Price Performance

VTOL traded up $0.05 during trading on Friday, reaching $38.51. The stock had a trading volume of 147,820 shares, compared to its average volume of 187,808. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.60 and a beta of 1.32. 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 1-year low of $25.11 and a 1-year high of $39.91. The stock has a 50 day moving average of $35.84 and a two-hundred day moving average of $32.81.

Bristow Group (NYSE:VTOL - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.31. The firm had revenue of $376.43 million during the quarter, compared to the consensus estimate 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.

Insiders Place Their Bets

In other Bristow Group news, Director Robert Manzo sold 10,000 shares of the company's 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 transaction, the director owned 38,583 shares in the company, valued at approximately $1,431,815.13. This represents a 20.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lorin L. Brass sold 5,250 shares of the company's stock in a transaction that occurred 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 owned 26,705 shares in the company, valued at approximately $1,000,636.35. This represents a 16.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 81,666 shares of company stock worth $2,867,992 in the last quarter. Corporate insiders own 13.40% of the company's stock.

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.