Public Sector Pension Investment Board Buys 16,478 Shares of Bristow Group Inc. $VTOL

Key Points

• The Public Sector Pension Investment Board increased its holdings in Bristow Group Inc. by 26.7% in the first quarter, now owning approximately $2.47 million worth of shares.
• Several institutional investors, including Nuveen LLC and Charles Schwab Investment Management Inc., also boosted their stakes in Bristow Group during the same period, leading to a total institutional ownership of 93.29%.
• Bristow Group reported quarterly earnings of $1.07 per share, exceeding estimates, although revenues fell slightly short of expectations at $376.43 million.

Public Sector Pension Investment Board boosted its holdings in Bristow Group Inc. (NYSE:VTOL - Free Report) by 26.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 78,099 shares of the company's stock after buying an additional 16,478 shares during the quarter. Public Sector Pension Investment Board owned 0.27% of Bristow Group worth $2,466,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of VTOL. Wells Fargo & Company MN lifted its holdings in shares of Bristow Group by 29.6% during the fourth quarter. Wells Fargo & Company MN now owns 14,841 shares of the company's stock valued at $509,000 after purchasing an additional 3,392 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Bristow Group by 795.5% during the fourth quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock valued at $27,000 after acquiring an additional 700 shares during the period. Barclays PLC boosted its stake in Bristow Group by 39.7% in the 4th quarter. Barclays PLC now owns 52,647 shares of the company's stock worth $1,806,000 after purchasing an additional 14,956 shares during the period. Dimensional Fund Advisors LP grew its position in Bristow Group by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,621,027 shares of the company's stock worth $55,600,000 after purchasing an additional 48,852 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in Bristow Group by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 14,932 shares of the company's stock worth $512,000 after purchasing an additional 819 shares in the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bristow Group

In other Bristow Group news, CFO Jennifer Dawn Whalen sold 5,000 shares of Bristow Group 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 completion of the sale, the chief financial officer owned 94,203 shares of the company's stock, valued at $3,537,322.65. This trade represents a 5.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Stuart Stavley sold 10,000 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $37.10, for a total transaction of $371,000.00. Following the transaction, the chief operating officer owned 78,947 shares in the company, valued at approximately $2,928,933.70. This represents a 11.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,666 shares of company stock worth $2,867,992. Company insiders own 13.40% of the company's stock.

Bristow Group Stock Up 3.1%

Shares of VTOL traded up $1.1730 during mid-day trading on Friday, reaching $38.5530. The company's stock had a trading volume of 239,378 shares, compared to its average volume of 183,976. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 9.61 and a beta of 1.32. The business has a fifty day moving average of $35.40 and a 200 day moving average of $32.71. 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.

Bristow Group (NYSE:VTOL - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $376.43 million for 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.

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.