PNC Financial Services Group Inc. Has $131,000 Stock Holdings in Bristow Group Inc. $VTOL

PNC Financial Services Group Inc. lifted its holdings in Bristow Group Inc. (NYSE:VTOL) by 38.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,159 shares of the company’s stock after buying an additional 1,147 shares during the period. PNC Financial Services Group Inc.’s holdings in Bristow Group were worth $131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System boosted its position in shares of Bristow Group by 10.2% in the first quarter. New York State Teachers Retirement System now owns 18,389 shares of the company’s stock worth $581,000 after buying an additional 1,706 shares during the period. SG Americas Securities LLC boosted its position in shares of Bristow Group by 244.6% in the first quarter. SG Americas Securities LLC now owns 17,870 shares of the company’s stock worth $564,000 after buying an additional 12,684 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Bristow Group during the first quarter worth $451,000. GAMMA Investing LLC raised its holdings in shares of Bristow Group by 3,773.3% during the first quarter. GAMMA Investing LLC now owns 23,085 shares of the company’s stock worth $731,000 after acquiring an additional 22,489 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Bristow Group by 17.3% during the fourth quarter. Nuveen Asset Management LLC now owns 75,121 shares of the company’s stock worth $2,577,000 after acquiring an additional 11,061 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Insiders Place Their Bets

In other news, COO Stuart Stavley sold 10,000 shares of Bristow Group stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $37.10, for a total value of $371,000.00. Following the transaction, the chief operating officer directly owned 78,947 shares in the company, valued at approximately $2,928,933.70. The trade was a 11.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Manzo sold 10,000 shares of Bristow Group stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $37.11, for a total value of $371,100.00. Following the completion of the transaction, the director owned 38,583 shares in the company, valued at $1,431,815.13. The trade was a 20.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,666 shares of company stock valued at $2,867,992 in the last ninety days. Company insiders own 13.40% of the company’s stock.

Bristow Group Price Performance

Shares of NYSE:VTOL opened at $37.3890 on Wednesday. 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 Inc. has a 1 year low of $25.11 and a 1 year high of $39.91. The business has a fifty day simple moving average of $35.17 and a 200 day simple moving average of $32.63. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 9.32 and a beta of 1.32.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.07 earnings per share (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 analyst estimates of $380.00 million. 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.