Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 24.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,035 shares of the oil and gas company’s stock after selling 36,259 shares during the period. Quantbot Technologies LP owned approximately 0.07% of Helix Energy Solutions Group worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Helix Energy Solutions Group by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock valued at $144,897,000 after purchasing an additional 152,413 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Helix Energy Solutions Group by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 175,075 shares of the oil and gas company’s stock worth $1,899,000 after buying an additional 6,871 shares during the period. GAMMA Investing LLC raised its position in Helix Energy Solutions Group by 24.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after buying an additional 1,236 shares during the last quarter. CWM LLC lifted its stake in Helix Energy Solutions Group by 10.4% during the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after acquiring an additional 850 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Helix Energy Solutions Group in the 2nd quarter valued at $411,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HLX shares. StockNews.com downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 26th. Raymond James assumed coverage on Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective for the company. TD Cowen lowered their target price on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, BTIG Research cut Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th.

Insider Buying and Selling at Helix Energy Solutions Group

In other news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total value of $3,557,154.48. Following the sale, the chief executive officer now owns 7,171,860 shares in the company, valued at $85,488,571.20. This trade represents a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.37% of the stock is owned by corporate insiders.

Helix Energy Solutions Group Stock Down 1.0 %

HLX stock opened at $10.69 on Friday. Helix Energy Solutions Group, Inc. has a one year low of $8.82 and a one year high of $13.05. 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 firm’s fifty day moving average is $10.32 and its 200 day moving average is $10.81. The firm has a market cap of $1.63 billion, a PE ratio of 267.25 and a beta of 2.43.

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

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.