Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,438 shares of the oil and gas company’s stock after selling 8,232 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.05% of Helix Energy Solutions Group worth $759,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth about $33,000. KBC Group NV raised its holdings in Helix Energy Solutions Group by 61.8% in 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. Oppenheimer Asset Management Inc. boosted its position in Helix Energy Solutions Group by 32.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 22,009 shares of the oil and gas company’s stock worth $244,000 after purchasing an additional 5,395 shares in the last quarter. Millburn Ridgefield Corp acquired a new stake in Helix Energy Solutions Group in the third quarter valued at approximately $61,000. Finally, Empowered Funds LLC increased its position in shares of Helix Energy Solutions Group by 5.3% in the third quarter. Empowered Funds LLC now owns 119,048 shares of the oil and gas company’s stock valued at $1,321,000 after buying an additional 6,030 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Down 7.7 %

HLX stock opened at $7.96 on Tuesday. The stock has a market capitalization of $1.21 billion, a P/E ratio of 199.05 and a beta of 2.43. Helix Energy Solutions Group, Inc. has a 52 week low of $7.76 and a 52 week high of $13.05. The firm has a 50-day simple moving average of $8.66 and a 200-day simple moving average of $9.69. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Monday, February 24th. The oil and gas company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $355.13 million during the quarter, compared to analysts’ expectations of $311.66 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. Equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

Insider Activity at Helix Energy Solutions Group

In other news, COO Scott Andrew Sparks sold 170,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the transaction, the chief operating officer now directly owns 112,634 shares in the company, valued at $1,111,697.58. The trade was a 60.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kenneth English Neikirk sold 83,991 shares of the 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 completion of the sale, the executive vice president now directly owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. This represents a 44.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 269,991 shares of company stock valued at $2,607,137. 6.37% of the stock is owned by 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.