Solus Alternative Asset Management LP reduced its holdings in Bristow Group Inc. (NYSE:VTOL – Get Rating) by 3.1% in the second quarter, HoldingsChannel reports. The firm owned 4,167,787 shares of the company's stock after selling 133,683 shares during the period. Bristow Group makes up about 26.8% of Solus Alternative Asset Management LP's investment portfolio, making the stock its biggest holding. Solus Alternative Asset Management LP owned approximately 0.15% of Bristow Group worth $97,526,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Gladius Capital Management LP bought a new stake in Bristow Group in the second quarter worth approximately $40,000. KBC Group NV bought a new stake in Bristow Group in the second quarter worth approximately $47,000. Captrust Financial Advisors increased its holdings in Bristow Group by 76.1% in the first quarter. Captrust Financial Advisors now owns 1,444 shares of the company's stock worth $54,000 after purchasing an additional 624 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in Bristow Group by 16.7% in the second quarter. Mutual of America Capital Management LLC now owns 3,898 shares of the company's stock worth $91,000 after purchasing an additional 559 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in Bristow Group by 708.1% in the second quarter. Quantbot Technologies LP now owns 5,091 shares of the company's stock worth $119,000 after purchasing an additional 4,461 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Benchmark lifted their target price on Bristow Group to $40.00 in a report on Monday, August 29th.

Bristow Group Stock Up 1.2 %

Insider Activity

In other news, Director Brian D. Truelove sold 2,000 shares of the business's stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $27.64, for a total transaction of $55,280.00. Following the completion of the sale, the director now owns 26,120 shares in the company, valued at $721,956.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 16.70% of the company's stock.

Bristow Group Profile

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Bristow Group Inc provides aviation services to integrated, national, and independent offshore energy companies in the United States. It also offers commercial search and rescue services; and other helicopter and fixed wing transportation services. As of March 31, 2022, the company had a fleet of 229 aircrafts, of which 213 were helicopters.

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