Bristow Group Inc. (NYSE:VTOL) is Solus Alternative Asset Management LP's Largest Position

Solus Alternative Asset Management LP trimmed its stake in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,196,948 shares of the company's stock after selling 152,057 shares during the quarter. Bristow Group makes up about 34.9% of Solus Alternative Asset Management LP's portfolio, making the stock its largest holding. Solus Alternative Asset Management LP owned about 11.17% of Bristow Group worth $109,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aquatic Capital Management LLC acquired a new stake in shares of Bristow Group during the fourth quarter valued at about $142,000. Susquehanna Fundamental Investments LLC acquired a new stake in Bristow Group during the 4th quarter worth approximately $404,000. Voya Investment Management LLC grew its holdings in Bristow Group by 28.9% during the 4th quarter. Voya Investment Management LLC now owns 44,803 shares of the company's stock worth $1,537,000 after acquiring an additional 10,042 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Bristow Group by 18.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,561 shares of the company's stock valued at $328,000 after acquiring an additional 1,502 shares during the period. Finally, Fayez Sarofim & Co bought a new position in shares of Bristow Group during the fourth quarter valued at $343,000. Institutional investors own 93.29% of the company's stock.

Bristow Group Trading Up 2.6 %

Shares of NYSE:VTOL traded up $0.76 during mid-day trading on Friday, reaching $30.18. 91,615 shares of the company's stock were exchanged, compared to its average volume of 132,473. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.83. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $41.50. The firm has a market capitalization of $868.43 million, a price-to-earnings ratio of 16.23 and a beta of 1.14. The business's fifty day moving average price is $30.60 and its 200-day moving average price is $33.76.

Bristow Group (NYSE:VTOL - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.46. Bristow Group had a net margin of 3.93% and a return on equity of 6.50%. The business had revenue of $353.53 million during the quarter, compared to the consensus estimate of $367.00 million.

Insiders Place Their Bets

In related news, Director Maryanne Miller sold 2,200 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $32.15, for a total value of $70,730.00. Following the sale, the director now owns 19,173 shares in the company, valued at $616,411.95. This represents a 10.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alternative Asset Manage Solus sold 8,323 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.71, for a total transaction of $272,245.33. Following the completion of the sale, the insider now owns 3,188,625 shares of the company's stock, valued at approximately $104,299,923.75. The trade was a 0.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,027 shares of company stock worth $1,149,792. Company insiders own 14.90% of the company's stock.

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.