Key Takeaways
- • Solus Alternative Asset Management LP sold 8,000 shares of Bristow Group Inc. (NYSE: VTOL) for approximately $344,099 across two transactions on September 11 and 14, 2026, at prices ranging from $43.00 to $43.03 per share.
- • Following the sales, Solus-managed clients retain beneficial ownership of 2,841,710 shares of Bristow Group, indicating the fund remains a significant stakeholder in the offshore helicopter services provider despite recent share dispositions.
- • Bristow Group shares currently trade at $42.30 with a market capitalization of $1.25 billion and a P/E ratio of 12.08, with InvestingPro analysis suggesting the stock appears undervalued relative to fair value estimates.
- • The company demonstrated revenue resilience in Q2 2026, reporting $411.8 million in revenue that exceeded Wall Street consensus expectations of $407.28 million, and maintains profitability over the trailing twelve-month period.
Summary
Solus Alternative Asset Management LP executed a modest portfolio adjustment on September 11 and 14, 2026, liquidating 8,000 shares of Bristow Group Inc. common stock for a combined $344,099. The transactions were executed across two trading days: 5,000 shares sold on September 11 at $43.00 per share, followed by 3,000 shares sold on September 14 at a weighted average price of $43.03 per share. The September 14 sale consisted of multiple transactions priced between $43.00 and $43.05 per share.
The filing, made through SEC Form 4, reflects sales activity by Solus Alternative Asset Management LP, Solus GP LLC, and Christopher Pucillo. These parties are not deemed beneficial owners of the securities under SEC definitions but have elected to report the transaction through Form 4 filings. Following these dispositions, Solus-managed funds and accounts indirectly beneficially own 2,841,710 shares of Bristow Group, positioning the alternative asset manager as a substantial shareholder in the offshore aviation services company.
At the time of reporting, Bristow Group shares were trading at $42.30, valuing the company at $1.25 billion with a P/E multiple of 12.08. InvestingPro's analytical framework suggests the stock trades at a discount to its calculated fair value, ranking it among undervalued equity opportunities. The company has maintained profitability on a trailing twelve-month basis, providing fundamental support for the valuation assessment.
Recent operational performance reinforces underlying business stability. Bristow Group reported Q2 2026 revenue of $411.8 million, surpassing analyst consensus estimates of $407.28 million, though the broader earnings picture was characterized as mixed. This revenue beat, combined with the current valuation discount and profitability metrics, reflects the operational context within which Solus executed its partial exit from the position.
The filing, made through SEC Form 4, reflects sales activity by Solus Alternative Asset Management LP, Solus GP LLC, and Christopher Pucillo. These parties are not deemed beneficial owners of the securities under SEC definitions but have elected to report the transaction through Form 4 filings. Following these dispositions, Solus-managed funds and accounts indirectly beneficially own 2,841,710 shares of Bristow Group, positioning the alternative asset manager as a substantial shareholder in the offshore aviation services company.
At the time of reporting, Bristow Group shares were trading at $42.30, valuing the company at $1.25 billion with a P/E multiple of 12.08. InvestingPro's analytical framework suggests the stock trades at a discount to its calculated fair value, ranking it among undervalued equity opportunities. The company has maintained profitability on a trailing twelve-month basis, providing fundamental support for the valuation assessment.
Recent operational performance reinforces underlying business stability. Bristow Group reported Q2 2026 revenue of $411.8 million, surpassing analyst consensus estimates of $407.28 million, though the broader earnings picture was characterized as mixed. This revenue beat, combined with the current valuation discount and profitability metrics, reflects the operational context within which Solus executed its partial exit from the position.
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