Maryanne Miller Sells 1,800 Shares of Bristow Group (NYSE:VTOL) Stock

Key Points

• Bristow Group Inc. Director Maryanne Miller sold 1,800 shares at an average price of $38.37, totaling approximately $69,066, resulting in a 7.42% decrease in her ownership.
• The company reported $1.07 earnings per share for the quarter, exceeding the consensus estimate of $0.76, although revenue was slightly below expectations at $376.43 million.
• Institutional investors own 93.29% of Bristow Group's stock, with significant increases in positions by entities such as the State of Tennessee Department of Treasury and BNP Paribas Financial Markets.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Maryanne Miller sold 1,800 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $38.37, for a total value of $69,066.00. Following the transaction, the director directly owned 22,452 shares of the company's stock, valued at approximately $861,483.24. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Bristow Group Price Performance

Bristow Group stock traded down $0.3210 during midday trading on Wednesday, reaching $37.2090. 128,930 shares of the stock traded hands, compared to its average volume of 186,035. The stock's fifty day moving average is $35.25 and its 200-day moving average is $32.67. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $39.91. The stock has a market cap of $1.07 billion, a P/E ratio of 9.28 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 (NYSE:VTOL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. Bristow Group had a return on equity of 12.86% and a net margin of 8.24%.The company had revenue of $376.43 million during the quarter, compared to analyst estimates of $380.00 million. Bristow Group has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS.

Institutional Investors Weigh In On Bristow Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Bristow Group by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,621,027 shares of the company's stock valued at $55,600,000 after purchasing an additional 48,852 shares during the period. Taconic Capital Advisors LP raised its position in Bristow Group by 6.4% during the second quarter. Taconic Capital Advisors LP now owns 1,331,073 shares of the company's stock valued at $43,885,000 after purchasing an additional 80,000 shares during the period. Brown Advisory Inc. raised its position in Bristow Group by 21.3% during the second quarter. Brown Advisory Inc. now owns 1,224,954 shares of the company's stock valued at $40,387,000 after purchasing an additional 215,214 shares during the period. Empyrean Capital Partners LP raised its position in Bristow Group by 4.6% during the first quarter. Empyrean Capital Partners LP now owns 1,130,000 shares of the company's stock valued at $35,685,000 after purchasing an additional 50,000 shares during the period. Finally, American Century Companies Inc. raised its position in Bristow Group by 13.1% during the second quarter. American Century Companies Inc. now owns 749,674 shares of the company's stock valued at $24,717,000 after purchasing an additional 86,673 shares during the period. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

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.