Bristow Group (NYSE:VTOL) Sets New 52-Week High – Here’s Why

Shares of Bristow Group Inc. (NYSE:VTOL) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $40.62 and last traded at $40.33, with a volume of 21059 shares changing hands. The stock had previously closed at $39.05.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VTOL. Wall Street Zen upgraded shares of Bristow Group from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a report on Friday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Bristow Group Stock Down 4.6%

The company has a current ratio of 1.81, a quick ratio of 1.44 and a debt-to-equity ratio of 0.69. The stock’s 50-day simple moving average is $37.75 and its 200-day simple moving average is $34.11. The firm has a market capitalization of $1.14 billion, a P/E ratio of 9.87 and a beta of 1.33.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during 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.

Insider Activity

In other news, Director Lorin L. Brass sold 5,250 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $37.47, for a total transaction of $196,717.50. Following the completion of the transaction, the director directly owned 26,705 shares of the company’s stock, valued at $1,000,636.35. This represents a 16.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Manzo sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $37.11, for a total transaction of $371,100.00. Following the transaction, the director directly owned 38,583 shares of the company’s stock, valued at $1,431,815.13. This represents a 20.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,581 shares of company stock worth $1,291,103. 13.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Taconic Capital Advisors LP grew its position in shares of Bristow Group by 6.4% during the 2nd quarter. Taconic Capital Advisors LP now owns 1,331,073 shares of the company’s stock valued at $43,885,000 after acquiring an additional 80,000 shares during the period. Brown Advisory Inc. lifted its stake in shares of Bristow Group by 21.3% during the 2nd quarter. Brown Advisory Inc. now owns 1,224,954 shares of the company’s stock valued at $40,387,000 after buying an additional 215,214 shares in the last quarter. Empyrean Capital Partners LP lifted its stake in shares of Bristow Group by 4.6% during the 1st quarter. Empyrean Capital Partners LP now owns 1,130,000 shares of the company’s stock valued at $35,685,000 after buying an additional 50,000 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Bristow Group by 13.1% during the 2nd quarter. American Century Companies Inc. now owns 749,674 shares of the company’s stock valued at $24,717,000 after buying an additional 86,673 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Bristow Group by 9.0% during the 2nd quarter. Geode Capital Management LLC now owns 624,318 shares of the company’s stock valued at $20,588,000 after buying an additional 51,594 shares in the last quarter. 93.29% of the stock is owned by institutional investors.

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.