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

Quest Partners LLC reduced its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 25.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,916 shares of the oil and gas company’s stock after selling 1,667 shares during the quarter. Quest Partners LLC’s holdings in Helix Energy Solutions Group were worth $59,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pineridge Advisors LLC acquired a new stake in shares of Helix Energy Solutions Group during the fourth quarter valued at about $54,000. Lindbrook Capital LLC boosted its holdings in Helix Energy Solutions Group by 1,037.6% in the first quarter. Lindbrook Capital LLC now owns 5,563 shares of the oil and gas company’s stock valued at $60,000 after purchasing an additional 5,074 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Helix Energy Solutions Group by 24.0% in the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 1,236 shares during the last quarter. CWM LLC grew 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 purchasing an additional 850 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in Helix Energy Solutions Group during the 1st quarter worth approximately $135,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Price Performance

Shares of HLX stock opened at $9.85 on Thursday. The firm has a market cap of $1.50 billion, a P/E ratio of -46.88 and a beta of 2.42. The firm has a fifty day moving average of $10.97 and a two-hundred day moving average of $10.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 2.08. 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 posted its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. The business had revenue of $364.80 million during the quarter, compared to the consensus estimate of $353.19 million. During the same period last year, the firm earned $0.11 earnings per share.

Analyst Upgrades and Downgrades

Separately, TD Cowen increased their target price on Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th.

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.