Louisiana State Employees Retirement System Sells 3,000 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Louisiana State Employees Retirement System decreased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,100 shares of the oil and gas company’s stock after selling 3,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Helix Energy Solutions Group were worth $767,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Helix Energy Solutions Group in the second quarter worth about $45,000. GAMMA Investing LLC grew its stake in Helix Energy Solutions Group by 24.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 1,236 shares in the last quarter. CWM LLC grew its stake in Helix Energy Solutions Group by 10.4% in the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 850 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in Helix Energy Solutions Group by 10.2% during the 1st quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock valued at $163,000 after acquiring an additional 1,391 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of Helix Energy Solutions Group during the second quarter worth $184,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Up 0.4 %

Helix Energy Solutions Group stock opened at $9.22 on Tuesday. Helix Energy Solutions Group, Inc. has a 12 month low of $8.82 and a 12 month high of $13.05. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 230.50 and a beta of 2.43. The business’s fifty day simple moving average is $10.25 and its two-hundred day simple moving average is $10.89. 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 (NYSE:HLX) last posted its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The firm had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. As a group, equities analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at Helix Energy Solutions Group

In other news, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the transaction, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.37% of the company’s stock.

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.