ARGA Investment Management LP Reduces Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

ARGA Investment Management LP trimmed its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,132 shares of the oil and gas company’s stock after selling 1,969 shares during the quarter. ARGA Investment Management LP’s holdings in Helix Energy Solutions Group were worth $560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Diversified Trust Co boosted its position 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. GAMMA Investing LLC raised its stake in shares of Helix Energy Solutions Group by 21.1% during the third quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after acquiring an additional 1,343 shares in the last quarter. Assetmark Inc. bought a new stake in shares of Helix Energy Solutions Group during the third quarter valued at approximately $33,000. Sei Investments Co. grew its stake in Helix Energy Solutions Group by 12.3% in the second quarter. Sei Investments Co. now owns 31,545 shares of the oil and gas company’s stock worth $377,000 after purchasing an additional 3,451 shares in the last quarter. Finally, KBC Group NV increased its holdings in Helix Energy Solutions Group by 61.8% during the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock worth $85,000 after purchasing an additional 3,491 shares during the period. 91.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. TD Cowen lowered their target price on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company 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 research note 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 report on Wednesday, December 4th.

Helix Energy Solutions Group Stock Up 5.1 %

Shares of NYSE HLX opened at $8.33 on Wednesday. The stock has a market capitalization of $1.27 billion, a PE ratio of 208.18 and a beta of 2.43. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 12-month low of $7.76 and a 12-month high of $13.05. The stock’s fifty day simple moving average is $9.27 and its two-hundred day simple moving average is $10.06.

Insider Activity at Helix Energy Solutions Group

In other news, EVP Kenneth English Neikirk sold 83,991 shares of Helix Energy Solutions Group stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.17, for a total value of $770,197.47. Following the transaction, the executive vice president now owns 104,549 shares of the company’s stock, valued at $958,714.33. The trade was a 44.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diana Glassman sold 16,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total transaction of $159,040.00. Following the sale, the director now directly owns 26,133 shares of the company’s stock, valued at $259,762.02. The trade was a 37.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 269,991 shares of company stock valued at $2,607,137 over the last quarter. 6.37% of the stock is owned by corporate insiders.

About Helix Energy Solutions Group

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.