Helix Energy Solutions Group, Inc. (NYSE:HLX) Holdings Lowered by Amalgamated Bank

Amalgamated Bank lessened its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,324 shares of the oil and gas company’s stock after selling 1,357 shares during the period. Amalgamated Bank’s holdings in Helix Energy Solutions Group were worth $470,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Helix Energy Solutions Group by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock valued at $144,897,000 after acquiring an additional 152,413 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Helix Energy Solutions Group by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock valued at $131,559,000 after purchasing an additional 254,880 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Helix Energy Solutions Group in the second quarter worth $81,862,000. American Century Companies Inc. grew its holdings in shares of Helix Energy Solutions Group by 24.9% during the second quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock valued at $40,756,000 after buying an additional 680,635 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Helix Energy Solutions Group by 74.1% during the second quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock valued at $27,640,000 after buying an additional 985,101 shares during the period. 91.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the 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 transaction, the chief executive officer now owns 7,171,860 shares in the company, valued at $85,488,571.20. This trade represents a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Price Performance

Shares of HLX opened at $9.95 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market cap of $1.51 billion, a PE ratio of 248.75 and a beta of 2.43. The firm’s 50 day moving average price is $10.10 and its 200 day moving average price is $10.83. Helix Energy Solutions Group, Inc. has a twelve month low of $8.82 and a twelve month high of $13.05.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. TD Cowen lowered 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. Raymond James began coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 target price for the company. Finally, StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd.

Helix Energy Solutions Group Company 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.