Key Takeaways
- • Solus Alternative Asset Management LP sold 73,600 Bristow Group Inc. common shares for approximately $2.98 million across transactions between November 10 and November 13, 2026, according to a Form 4 filing reported by Investing.com.
- • Sales were executed at weighted average prices ranging from $40.3651 to $41.455 per share, with the stock trading at $40.30 at the time of reporting.
- • Following the sales, Solus indirectly holds 2,766,836 Bristow shares, and the filing states the reporting entities disclaim beneficial ownership.
- • Bristow reported fiscal third-quarter 2026 EPS of $0.93 and revenue of $437.9 million, missing consensus estimates of $1.17 and $441.2 million, while reaffirming full-year guidance.
- • Raymond James cut its Bristow price target to $63 from $67 but maintained an Outperform rating.
Summary
Solus Alternative Asset Management LP, a significant investor in Bristow Group Inc., sold a total of 73,600 common shares for approximately $2.98 million over four trading sessions between November 10 and November 13, 2026, according to Investing.com's coverage of the Form 4 filing. The stock currently trades at $40.30, representing an 8% gain over the past week.
The largest disposal occurred on November 10, when Solus sold 61,800 shares for approximately $2,495,217 at a weighted average price of $40.3651, within a range of $40.00 to $40.81. On November 11, the firm sold 5,000 shares for approximately $205,115 at $41.0229, and on November 12 it sold 1,800 shares for approximately $74,619 at $41.455. The final transaction on November 13 involved 5,000 shares sold for approximately $201,918 at $40.3835.
Following these transactions, Solus indirectly holds 2,766,836 Bristow common shares. The filing names Solus GP LLC and managing member Christopher Pucillo as related parties, and states that the reporting persons disclaim beneficial ownership of the securities while electing to file the Form 4 nonetheless. Investing.com's InvestingPro analysis characterizes Bristow as undervalued at current levels, with analyst price targets between $56 and $70. The company has a market capitalization of $1.18 billion and a P/E ratio of 15.07.
In related company news, Bristow reported fiscal third-quarter 2026 profit of $0.93 per share on revenue of $437.9 million, below Wall Street expectations of $1.17 per share and $441.2 million. The company noted sequential revenue growth and improved adjusted EBITDA, and reaffirmed full-year guidance. Management cited ongoing supply chain constraints in government services that have affected aircraft availability and parts supply. Raymond James lowered its price target to $63 from $67 while keeping an Outperform rating, citing potential recovery in Government Services profitability. Bristow's acquisition of Special Missions is already contributing and is expected to support faster growth in 2027.
The largest disposal occurred on November 10, when Solus sold 61,800 shares for approximately $2,495,217 at a weighted average price of $40.3651, within a range of $40.00 to $40.81. On November 11, the firm sold 5,000 shares for approximately $205,115 at $41.0229, and on November 12 it sold 1,800 shares for approximately $74,619 at $41.455. The final transaction on November 13 involved 5,000 shares sold for approximately $201,918 at $40.3835.
Following these transactions, Solus indirectly holds 2,766,836 Bristow common shares. The filing names Solus GP LLC and managing member Christopher Pucillo as related parties, and states that the reporting persons disclaim beneficial ownership of the securities while electing to file the Form 4 nonetheless. Investing.com's InvestingPro analysis characterizes Bristow as undervalued at current levels, with analyst price targets between $56 and $70. The company has a market capitalization of $1.18 billion and a P/E ratio of 15.07.
In related company news, Bristow reported fiscal third-quarter 2026 profit of $0.93 per share on revenue of $437.9 million, below Wall Street expectations of $1.17 per share and $441.2 million. The company noted sequential revenue growth and improved adjusted EBITDA, and reaffirmed full-year guidance. Management cited ongoing supply chain constraints in government services that have affected aircraft availability and parts supply. Raymond James lowered its price target to $63 from $67 while keeping an Outperform rating, citing potential recovery in Government Services profitability. Bristow's acquisition of Special Missions is already contributing and is expected to support faster growth in 2027.
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