Bristow Group Inc. (NYSE:VTOL) Stock Position Reduced by Solus Alternative Asset Management LP

Solus Alternative Asset Management LP decreased its stake in Bristow Group Inc. (NYSE:VTOL) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,349,005 shares of the company’s stock after selling 75,000 shares during the quarter. Bristow Group makes up about 33.0% of Solus Alternative Asset Management LP’s holdings, making the stock its biggest position. Solus Alternative Asset Management LP owned approximately 0.12% of Bristow Group worth $116,177,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its position in Bristow Group by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 9,401 shares of the company’s stock worth $315,000 after acquiring an additional 620 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Bristow Group by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 237,043 shares of the company’s stock worth $8,223,000 after purchasing an additional 674 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Bristow Group by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 77,862 shares of the company’s stock valued at $2,611,000 after acquiring an additional 795 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Bristow Group by 5.7% in the 3rd quarter. New York State Teachers Retirement System now owns 16,683 shares of the company’s stock worth $579,000 after purchasing an additional 900 shares during the last quarter. Finally, Quest Partners LLC lifted its holdings in Bristow Group by 32.7% in the 3rd quarter. Quest Partners LLC now owns 6,138 shares of the company’s stock worth $213,000 after purchasing an additional 1,511 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Price Performance

Shares of NYSE:VTOL opened at $37.94 on Friday. Bristow Group Inc. has a twelve month low of $24.33 and a twelve month high of $41.50. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 20.40 and a beta of 1.31. The business has a 50 day moving average price of $35.61 and a 200 day moving average price of $35.57.

Bristow Group (NYSE:VTOL) last released its earnings results on Tuesday, November 5th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.61 by $0.34. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The firm had revenue of $365.12 million during the quarter. During the same quarter in the previous year, the company earned $0.41 earnings per share.

Wall Street Analyst Weigh In

Separately, Benchmark lifted their price target on shares of Bristow Group from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 8th.

Insider Buying and Selling at Bristow Group

In other Bristow Group news, major shareholder Alternative Asset Manage Solus sold 4,255 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $38.02, for a total transaction of $161,775.10. Following the completion of the transaction, the insider now owns 3,226,948 shares in the company, valued at $122,688,562.96. This trade represents a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 94,858 shares of company stock valued at $3,527,946 in the last quarter. Corporate insiders own 14.90% of the company’s stock.

Bristow Group 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.