Solus Alternative Asset Management LP has pared its exposure to Bristow Group Inc. (NYSE: VTOL), selling a total of 73,600 common shares for roughly $2.98 million in a series of transactions executed between November 10 and November 13, 2026. The sales were made at weighted average prices spanning $40.3651 to $41.455, according to the disclosed filings.
The stock last traded at $40.30, and it has returned 8% over the past week. Based on an analysis, Bristow appears undervalued at current levels, with analysts setting price targets in the range of $56 to $70. The company carries a market capitalization of $1.18 billion and trades at a price-to-earnings ratio of 15.07.
The transactions were executed in stages. On November 10, Solus sold 61,800 shares for approximately $2,495,217, at a weighted average price of $40.3651 per share. Those shares changed hands within a price range of $40.00 to $40.81.
The following day, November 11, the firm disposed of an additional 5,000 shares for about $205,115, at a weighted average price of $41.0229, with prices ranging from $41.00 to $41.13.
On November 12, another 1,800 shares were sold for approximately $74,619, at a weighted average price of $41.455, trading between $41.03 and $41.61.
The final reported transaction took place on November 13, when 5,000 shares were sold for roughly $201,918, at a weighted average price of $40.3835, within a range of $40.29 to $40.54.
After these sales, Solus Alternative Asset Management LP indirectly holds 2,766,836 shares of Bristow Group common stock. The reporting person, Solus Alternative Asset Management, together with its general partner Solus GP LLC and managing member Christopher Pucillo, disclaims beneficial ownership of the securities, having elected to file the Form 4 nevertheless.
In other recent developments, Bristow Group reported fiscal third-quarter 2026 earnings, posting a profit of $0.93 per share on revenue of $437.9 million. Those figures fell short of Wall Street expectations, which had projected earnings of $1.17 per share and revenue of $441.2 million. Despite the earnings miss, the company noted that revenue rose sequentially and adjusted EBITDA improved, with full-year guidance reaffirmed. Bristow also highlighted ongoing supply chain issues, particularly in government services, which have affected aircraft availability and parts supply.
Separately, Raymond James adjusted its price target for Bristow Group to $63 from $67 while maintaining an Outperform rating. The firm expressed a positive view on Bristow's results, citing the potential for recovery in Government Services profitability despite current constraints. Additionally, Bristow's acquisition of Special Missions is already contributing to its operations and is expected to support faster growth in 2027. Overall, Bristow reported strong operating performance, with improvements in offshore energy services, government services, and other areas.