Public Sector Pension Investment Board Acquires 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 lifted its stake in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 26.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,099 shares of the company's stock after acquiring an additional 16,478 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.27% of Bristow Group worth $2,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in VTOL. Western Standard LLC raised its position in shares of Bristow Group by 41.5% during the fourth quarter. Western Standard LLC now owns 563,318 shares of the company's stock worth $19,322,000 after acquiring an additional 165,318 shares during the last quarter. Brown Advisory Inc. raised its position in shares of Bristow Group by 17.7% during the first quarter. Brown Advisory Inc. now owns 1,009,740 shares of the company's stock worth $31,888,000 after acquiring an additional 151,784 shares during the last quarter. Nuveen LLC acquired a new stake in Bristow Group during the first quarter worth approximately $2,588,000. Tudor Investment Corp ET AL acquired a new stake in Bristow Group during the fourth quarter worth approximately $2,186,000. Finally, Taconic Capital Advisors LP grew its stake in Bristow Group by 4.9% during the fourth quarter. Taconic Capital Advisors LP now owns 1,097,927 shares of the company's stock worth $37,659,000 after purchasing an additional 50,900 shares during the period. 93.29% of the stock is currently owned by institutional investors.

Bristow Group Trading Down 1.5%

NYSE VTOL traded down $0.5790 during trading hours on Monday, hitting $38.0310. 125,526 shares of the company's stock were exchanged, compared to its average volume of 190,090. The stock has a 50-day simple moving average of $35.48 and a 200 day simple moving average of $32.70. Bristow Group Inc. has a 1-year low of $25.11 and a 1-year high of $39.91. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 9.48 and a beta of 1.32. The company has a current ratio of 1.81, a quick ratio of 1.44 and a debt-to-equity ratio of 0.69.

Bristow Group (NYSE:VTOL - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.76 by $0.31. Bristow Group had a return on equity of 12.86% and a net margin of 8.24%.The business had revenue of $376.43 million during the quarter, compared to analysts' expectations of $380.00 million. Bristow Group has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS.

Insider Buying and Selling at Bristow Group

In related news, Director Maryanne Miller sold 1,800 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $38.37, for a total transaction of $69,066.00. Following the completion of the sale, the director owned 22,452 shares of the company's stock, valued at $861,483.24. This trade represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Wesley E. Kern sold 2,531 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $37.72, for a total value of $95,469.32. Following the sale, the director directly owned 35,079 shares of the company's stock, valued at $1,323,179.88. This represents a 6.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 81,666 shares of company stock valued at $2,867,992 over the last ninety days. 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.