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

Solus Alternative Asset Management LP lowered its position in Bristow Group Inc. (NYSE:VTOL - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,196,948 shares of the company's stock after selling 152,057 shares during the quarter. Bristow Group comprises about 34.9% of Solus Alternative Asset Management LP's portfolio, making the stock its largest position. Solus Alternative Asset Management LP owned 11.17% of Bristow Group worth $109,655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC increased its stake in Bristow Group by 795.5% in the 4th quarter. Sterling Capital Management LLC now owns 788 shares of the company's stock worth $27,000 after buying an additional 700 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Bristow Group in the 4th quarter worth about $34,000. Wolverine Asset Management LLC increased its stake in Bristow Group by 105.3% in the 4th quarter. Wolverine Asset Management LLC now owns 1,725 shares of the company's stock worth $59,000 after buying an additional 34,400 shares during the period. Aquatic Capital Management LLC purchased a new position in Bristow Group in the 4th quarter worth about $142,000. Finally, Price T Rowe Associates Inc. MD increased its stake 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 worth $328,000 after buying an additional 1,502 shares during the period. Hedge funds and other institutional investors own 93.29% of the company's stock.

Bristow Group Trading Up 1.4 %

VTOL stock traded up $0.40 during trading on Thursday, hitting $29.44. The company had a trading volume of 139,348 shares, compared to its average volume of 132,538. The firm has a market capitalization of $847.22 million, a P/E ratio of 15.83 and a beta of 1.14. Bristow Group Inc. has a 52-week low of $25.11 and a 52-week high of $41.50. The company has a 50 day simple moving average of $30.84 and a 200-day simple moving average of $33.81. The company has a quick ratio of 1.49, a current ratio of 1.83 and a debt-to-equity ratio of 0.68.

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

Insider Buying and Selling

In related news, Director Lorin L. Brass sold 2,700 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the transaction, the director now owns 28,104 shares of the company's stock, valued at $1,039,848. The trade was a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 11,829 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $32.71, for a total transaction of $386,926.59. Following the completion of the transaction, the insider now directly owns 3,176,796 shares of the company's stock, valued at $103,912,997.16. This trade represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,027 shares of company stock valued at $1,149,792 over the last 90 days. 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.