State of Alaska Department of Revenue Grows Stock Holdings in Bristow Group Inc. $VTOL

State of Alaska Department of Revenue increased its stake in shares of Bristow Group Inc. (NYSE:VTOL) by 8.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,754 shares of the company’s stock after purchasing an additional 1,112 shares during the period. State of Alaska Department of Revenue owned approximately 0.05% of Bristow Group worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Empyrean Capital Partners LP raised its holdings in shares of 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 last quarter. Brown Advisory Inc. increased its holdings in Bristow Group by 17.7% during the first quarter. Brown Advisory Inc. now owns 1,009,740 shares of the company’s stock valued at $31,888,000 after buying an additional 151,784 shares during the last quarter. American Century Companies Inc. increased its holdings in Bristow Group by 14.5% during the first quarter. American Century Companies Inc. now owns 663,001 shares of the company’s stock valued at $20,938,000 after buying an additional 84,061 shares during the last quarter. Wellington Management Group LLP increased its holdings in Bristow Group by 1.0% during the first quarter. Wellington Management Group LLP now owns 556,657 shares of the company’s stock valued at $17,579,000 after buying an additional 5,347 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Bristow Group by 12.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 313,074 shares of the company’s stock valued at $9,887,000 after buying an additional 34,936 shares during the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen raised shares of Bristow Group from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Insiders Place Their Bets

In other news, Director Robert Manzo sold 10,000 shares of the stock in a transaction 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 sale, the director owned 38,583 shares of the company’s stock, valued at approximately $1,431,815.13. This represents a 20.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maryanne Miller sold 1,800 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 22,452 shares in the company, valued at $861,483.24. This represents a 7.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,581 shares of company stock valued at $1,291,103. 13.40% of the stock is currently owned by company insiders.

Bristow Group Stock Performance

VTOL opened at $36.82 on Thursday. The firm has a market cap of $1.06 billion, a P/E ratio of 9.18 and a beta of 1.33. Bristow Group Inc. has a 1-year low of $25.11 and a 1-year high of $39.31. The company has a 50 day simple moving average of $37.31 and a two-hundred day simple moving average of $33.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.81 and a quick ratio of 1.44.

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

Bristow Group Company Profile

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.