South Dakota Investment Council Reduces Stake by $14.6M, Now Owns 6.2%
Summary
South Dakota Investment Council, a 10% owner, has sold 302,206 shares of Bristow Group Inc. for approximately $14.6 million, reducing its beneficial ownership to 6.2%.
Key Events
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Institutional Investor Reduces Stake
South Dakota Investment Council, a significant institutional investor, has decreased its beneficial ownership in Bristow Group Inc.
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Significant Share Sales
The investor sold a total of 302,206 shares in open market transactions between February 24, 2026, and April 9, 2026, for an aggregate value of approximately $14.6 million.
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New Ownership Percentage
Following these sales, the South Dakota Investment Council now beneficially owns 1,795,920 shares, representing 6.2% of Bristow Group Inc.'s common stock.
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Sales Near 52-Week Highs
The transactions occurred at prices ranging from $47.01 to $50.275 per share, coinciding with the company's stock trading near its 52-week high of $50.275.
Analysis
This Schedule 13D/A (Amendment No. 16) reports that the South Dakota Investment Council, a significant institutional investor, has reduced its beneficial ownership in Bristow Group Inc. by selling approximately $14.6 million worth of shares since its last amendment on February 23, 2026. The sales, which occurred at prices near the company's 52-week high, have lowered their stake from approximately 7.18% to 6.2%. While institutional investors often rebalance portfolios, a sale of this magnitude by a major holder can be perceived as a slightly negative signal, especially when the stock is trading at elevated levels.
At the time of this filing, VTOL was trading at $49.77 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $25.11 to $50.28. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.