Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Algert Global LLC

Algert Global LLC decreased its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 74.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,760 shares of the oil and gas company’s stock after selling 387,961 shares during the quarter. Algert Global LLC owned approximately 0.09% of Helix Energy Solutions Group worth $1,474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HLX. CWM LLC raised its holdings in Helix Energy Solutions Group by 10.4% in the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 850 shares during the period. Diversified Trust Co raised its holdings in Helix Energy Solutions Group by 2.1% in the 3rd quarter. Diversified Trust Co now owns 49,348 shares of the oil and gas company’s stock valued at $548,000 after buying an additional 1,005 shares during the period. Arizona State Retirement System raised its holdings in Helix Energy Solutions Group by 3.0% in the 2nd quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company’s stock valued at $484,000 after buying an additional 1,187 shares during the period. GAMMA Investing LLC raised its holdings in Helix Energy Solutions Group by 24.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 1,236 shares during the period. Finally, Meeder Advisory Services Inc. raised its holdings in Helix Energy Solutions Group by 9.5% in the 2nd quarter. Meeder Advisory Services Inc. now owns 16,618 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 1,445 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Down 0.2 %

Shares of NYSE:HLX opened at $10.80 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a market capitalization of $1.64 billion, a PE ratio of 270.07 and a beta of 2.43. The firm’s 50-day moving average is $10.30 and its two-hundred day moving average is $10.81. Helix Energy Solutions Group, Inc. has a 1 year low of $8.82 and a 1 year high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping 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 company had revenue of $342.42 million for the quarter, compared to analyst estimates of $354.74 million. During the same period in the prior year, the firm earned $0.19 earnings per share. Analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Analysts Set New Price Targets

HLX has been the topic of several research analyst reports. BTIG Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. StockNews.com lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Tuesday. TD Cowen reduced their price objective on shares of 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. Finally, Raymond James began coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price target on the stock.

Insider Buying and Selling

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 completion of the transaction, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. This represents a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group 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.