Oregon Public Employees Retirement Fund Has $210,000 Stock Position in Bristow Group Inc. (NYSE:VTOL)

Posted by Defense World Staff on Oct 24th, 2023

Oregon Public Employees Retirement Fund lowered its holdings in shares of Bristow Group Inc. (NYSE:VTOL – Free Report) by 6.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,302 shares of the company’s stock after selling 500 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Bristow Group were worth $210,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in VTOL. Steward Partners Investment Advisory LLC bought a new position in Bristow Group in the first quarter worth approximately $25,000. Captrust Financial Advisors boosted its holdings in Bristow Group by 76.1% in the first quarter. Captrust Financial Advisors now owns 1,444 shares of the company’s stock worth $54,000 after acquiring an additional 624 shares in the last quarter. Pathstone Family Office LLC bought a new position in Bristow Group in the fourth quarter worth approximately $454,000. Tower Research Capital LLC TRC boosted its holdings in Bristow Group by 132.9% in the third quarter. Tower Research Capital LLC TRC now owns 1,910 shares of the company’s stock worth $45,000 after acquiring an additional 1,090 shares in the last quarter. Finally, UBS Group AG boosted its holdings in Bristow Group by 4,588.4% in the third quarter. UBS Group AG now owns 2,016 shares of the company’s stock worth $47,000 after acquiring an additional 1,973 shares in the last quarter. Institutional investors and hedge funds own 93.97% of the company’s stock.

Insider Activity

In other news, major shareholder Alternative Asset Manage Solus sold 8,805 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $31.01, for a total value of $273,043.05. Following the transaction, the insider now owns 3,666,860 shares in the company, valued at $113,709,328.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Alternative Asset Manage Solus sold 8,805 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $31.01, for a total value of $273,043.05. Following the transaction, the insider now owns 3,666,860 shares in the company, valued at $113,709,328.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jennifer Dawn Whalen sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $27.25, for a total value of $68,125.00. Following the completion of the transaction, the chief financial officer now owns 72,095 shares in the company, valued at approximately $1,964,588.75. The disclosure for this sale can be found here. Insiders have sold 107,897 shares of company stock worth $3,029,726 over the last 90 days. 15.00% of the stock is currently owned by corporate insiders.

Bristow Group Stock Down 2.8 %

Shares of NYSE:VTOL opened at $26.75 on Tuesday. The business’s 50 day simple moving average is $27.74 and its two-hundred day simple moving average is $26.61. The firm has a market cap of $753.82 million, a P/E ratio of 121.60 and a beta of 1.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.52 and a current ratio of 1.83. Bristow Group Inc. has a 52-week low of $20.08 and a 52-week high of $31.89.

Bristow Group (NYSE:VTOL – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $319.38 million during the quarter. Bristow Group had a return on equity of 0.81% and a net margin of 0.51%.

Bristow Group Profile

(Free Report)

Bristow Group Inc provides vertical flight solutions. It primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue (SAR), medevac, ad hoc helicopter, and fixed wing transportation services, as well as logistical and maintenance support, training services, and flight and maintenance crews.