HOUSTON—Bristow Group Inc. (NYSE:VTOL) director Brian D. Truelove recently sold 2,973 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $35.49, amounting to a total transaction value of approximately $105,511. The sale comes as the stock trades near $36.25, having delivered an impressive 28.23% return year-to-date. According to InvestingPro analysis, the stock currently trades above its Fair Value.
Following this transaction, Truelove holds 30,531 shares in Bristow Group. The transaction was executed on December 10, 2024, as detailed in the Form 4 filing. InvestingPro data shows analysts maintain bullish price targets ranging from $47 to $50, with the stock generally trading with low volatility. Discover more insights and 7 additional ProTips for VTOL with an InvestingPro subscription.
In other recent news, Bristol Group has reported a robust financial performance for the third quarter of 2024. The company raised its adjusted EBITDA guidance for the same period, reflecting its strong financial results. Chris Bradshaw, the President and CEO, along with Senior Manager of Investor Relations and Financial Reporting, Red Tilahun, and CFO Jennifer Whalen, provided insights into the company's financials and operational highlights.
Although no specific misses were reported during the call, the management highlighted potential risks and uncertainties in forward-looking statements. They also reiterated that safety continues to be Bristol Group's highest operational priority. These are among the recent developments that investors should take note of.
Bear in mind, however, that non-GAAP financial measures, including EBITDA and free cash flow, were discussed during the call, with reconciliations to GAAP provided in the earnings release and investor presentation. As always, these forward-looking statements and non-GAAP measures are subject to risks and should be considered alongside other information.
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