Creative Planning Invests $187,000 in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Creative Planning purchased a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,828 shares of the oil and gas company’s stock, valued at approximately $187,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Affinity Wealth Management LLC lifted its holdings in Helix Energy Solutions Group by 2.8% during the 3rd quarter. Affinity Wealth Management LLC now owns 204,852 shares of the oil and gas company’s stock worth $2,274,000 after buying an additional 5,582 shares during the period. Diversified Trust Co lifted its stake in shares of Helix Energy Solutions Group by 2.1% in the third quarter. Diversified Trust Co now owns 49,348 shares of the oil and gas company’s stock worth $548,000 after acquiring an additional 1,005 shares during the period. GAMMA Investing LLC boosted its holdings in Helix Energy Solutions Group by 21.1% in the third quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after acquiring an additional 1,343 shares during the last quarter. SG Americas Securities LLC increased its position in Helix Energy Solutions Group by 126.3% during the 3rd quarter. SG Americas Securities LLC now owns 77,923 shares of the oil and gas company’s stock valued at $865,000 after purchasing an additional 43,495 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Helix Energy Solutions Group during the 2nd quarter worth approximately $2,269,000. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

Helix Energy Solutions Group stock opened at $10.54 on Tuesday. Helix Energy Solutions Group, Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $13.05. The firm’s fifty day moving average price is $10.09 and its 200-day moving average price is $10.85. The stock has a market cap of $1.60 billion, a P/E ratio of 263.44 and a beta of 2.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29.

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

Wall Street Analyst Weigh In

HLX has been the subject of several research analyst reports. Raymond James initiated coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective for the company. TD Cowen lowered their price objective on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 25th. BTIG Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Finally, StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd.

Insider Transactions at Helix Energy Solutions Group

In related news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 7,171,860 shares in the company, valued at $85,488,571.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group 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.