Mesirow Financial Investment Management Inc. Trims Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Mesirow Financial Investment Management Inc. decreased its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 17.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,000 shares of the oil and gas company’s stock after selling 3,863 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Helix Energy Solutions Group were worth $200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. acquired a new position in shares of Helix Energy Solutions Group in the third quarter worth about $33,000. Principal Financial Group Inc. raised its holdings in Helix Energy Solutions Group by 38.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company’s stock worth $22,919,000 after purchasing an additional 575,450 shares during the period. US Bancorp DE grew its holdings in Helix Energy Solutions Group by 31.3% in the third quarter. US Bancorp DE now owns 49,512 shares of the oil and gas company’s stock valued at $550,000 after purchasing an additional 11,804 shares during the period. Semanteon Capital Management LP purchased a new position in shares of Helix Energy Solutions Group during the 3rd quarter valued at approximately $628,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Helix Energy Solutions Group by 21.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 27,962 shares of the oil and gas company’s stock worth $310,000 after acquiring an additional 5,013 shares in the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Helix Energy Solutions Group

In related news, CEO Owen E. Kratz sold 298,419 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the transaction, the chief executive officer now directly owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $10.64 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The stock’s fifty day moving average is $10.09 and its two-hundred day moving average is $10.85. The firm has a market capitalization of $1.62 billion, a P/E ratio of 266.00 and a beta of 2.43. Helix Energy Solutions Group, Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. On average, research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on HLX. Raymond James assumed coverage on Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 target price for the company. TD Cowen decreased their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 25th. BTIG Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. Finally, StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.