Fisher Asset Management LLC Trims Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Fisher Asset Management LLC lessened its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 19.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,801,419 shares of the oil and gas company’s stock after selling 443,064 shares during the quarter. Fisher Asset Management LLC owned 1.18% of Helix Energy Solutions Group worth $18,519,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HLX. Public Employees Retirement Association of Colorado increased its position in Helix Energy Solutions Group by 33,636.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,902,392 shares of the oil and gas company’s stock valued at $19,557,000 after acquiring an additional 1,896,753 shares during the last quarter. Wellington Management Group LLP increased its position in Helix Energy Solutions Group by 99.9% in the fourth quarter. Wellington Management Group LLP now owns 3,107,643 shares of the oil and gas company’s stock worth $31,947,000 after buying an additional 1,552,693 shares in the last quarter. Gate City Capital Management LLC purchased a new stake in Helix Energy Solutions Group in the fourth quarter worth about $8,474,000. Dimensional Fund Advisors LP increased its position in Helix Energy Solutions Group by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,906,292 shares of the oil and gas company’s stock worth $112,118,000 after buying an additional 489,105 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in Helix Energy Solutions Group in the third quarter worth about $3,636,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Owen E. Kratz sold 141,879 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $11.83, for a total value of $1,678,428.57. Following the completion of the transaction, the chief executive officer now owns 7,643,646 shares of the company’s stock, valued at $90,424,332.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Owen E. Kratz sold 7,521 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $11.54, for a total value of $86,792.34. Following the completion of the transaction, the chief executive officer now owns 7,471,329 shares of the company’s stock, valued at $86,219,136.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Owen E. Kratz sold 141,879 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $11.83, for a total value of $1,678,428.57. Following the completion of the transaction, the chief executive officer now directly owns 7,643,646 shares of the company’s stock, valued at approximately $90,424,332.18. The disclosure for this sale can be found here. Insiders sold a total of 161,400 shares of company stock worth $1,902,501 over the last quarter. 6.37% of the stock is currently owned by corporate insiders.

Helix Energy Solutions Group Stock Performance

Shares of HLX opened at $10.50 on Wednesday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $11.09 and a two-hundred day simple moving average of $10.34. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -49.97 and a beta of 2.49. Helix Energy Solutions Group, Inc. has a 52 week low of $6.60 and a 52 week high of $12.14.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The company had revenue of $296.21 million during the quarter, compared to analysts’ expectations of $303.00 million. Helix Energy Solutions Group had a positive return on equity of 3.22% and a negative net margin of 2.39%. On average, analysts expect that Helix Energy Solutions Group, Inc. will post 0.39 EPS for the current year.

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.