Bristow Group Inc. sees stock sale by Solus Alternative Asset Management for $3,200

In a recent transaction involving Bristow Group Inc. (NYSE:VTOL), currently trading at $31.39 with a market capitalization of $895 million, Solus Alternative Asset Management LP, a significant stakeholder, sold 100 shares of the company’s common stock. According to InvestingPro analysis, the stock is currently fairly valued, with analysts setting price targets between $47-$50. The shares were sold at a price of $32 each, totaling $3,200. This sale leaves Solus with 3,176,696 shares following the transaction. Solus, along with its affiliates, manages various funds and accounts that hold these shares. The transaction was reported by Christopher Pucillo, the managing member of Solus GP LLC, which acts as the general partner of Solus Alternative Asset Management. For comprehensive analysis of VTOL’s financial health and detailed valuation metrics, access the full Pro Research Report, available exclusively on InvestingPro, covering 1,400+ top US stocks with expert insights and actionable intelligence.

In other recent news, Bristow Group Inc. reported its fourth-quarter 2024 financial results, surpassing analysts’ expectations with a notable earnings per share (EPS) of $1.07, significantly higher than the forecasted $0.61. The company also reported revenues of $353.53 million, slightly exceeding the predicted $349.85 million. This strong performance was attributed to robust growth in the offshore energy services sector and long-term government contracts. Bristow’s adjusted EBITDA rose by 39% year-over-year, and operating cash flows increased by $145 million. The company has set ambitious revenue and EBITDA targets for 2025, projecting revenues between $1.4 billion and $1.6 billion, and adjusted EBITDA ranging from $230 million to $260 million. Analysts from firms like Evercore and Raymond (NSE:RYMD) James have shown interest in Bristow’s strategic plans and market dynamics, reflecting a positive sentiment towards the company’s future prospects. Bristow’s leadership expressed confidence in their ability to capitalize on growth opportunities, particularly in advanced air mobility and government services. The company also announced a new capital allocation framework, including plans for debt reduction and the initiation of a quarterly dividend in 2026.

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