Victory Capital Management Inc. Buys 28,466 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Victory Capital Management Inc. increased its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 54.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 80,934 shares of the oil and gas company’s stock after buying an additional 28,466 shares during the period. Victory Capital Management Inc. owned 0.05% of Helix Energy Solutions Group worth $898,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Helix Energy Solutions Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock worth $144,897,000 after buying an additional 152,413 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Helix Energy Solutions Group by 2.4% in the 2nd 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 during the period. Pacer Advisors Inc. bought a new stake in Helix Energy Solutions Group in the 2nd quarter valued at about $81,862,000. American Century Companies Inc. boosted its holdings in Helix Energy Solutions Group by 24.9% in the 2nd 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 purchasing an additional 680,635 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Helix Energy Solutions Group by 74.1% in the 2nd 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 purchasing an additional 985,101 shares during the period. Institutional investors own 91.33% of the company’s stock.

Insider Activity

In related news, CEO Owen E. Kratz sold 298,419 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of the sale, the chief executive officer now owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. This trade represents a 3.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 6.37% of the stock is currently owned by corporate insiders.

Helix Energy Solutions Group Stock Down 0.2 %

Helix Energy Solutions Group stock opened at $10.80 on Thursday. Helix Energy Solutions Group, Inc. has a 1-year low of $8.82 and a 1-year high of $13.05. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 270.57 and a beta of 2.43. The firm’s fifty day moving average price is $10.28 and its two-hundred day moving average price is $10.81. 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 announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $342.42 million during 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 in the prior year, the company posted $0.19 earnings per share. On average, equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HLX. StockNews.com downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Tuesday. 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 report on Friday, October 25th. BTIG Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. Finally, Raymond James initiated 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 price target for the company.

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.