Intech Investment Management LLC Raises Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Intech Investment Management LLC boosted its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 51.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,168 shares of the oil and gas company’s stock after buying an additional 16,072 shares during the quarter. Intech Investment Management LLC’s holdings in Helix Energy Solutions Group were worth $524,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in Helix Energy Solutions Group by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 175,075 shares of the oil and gas company’s stock worth $1,899,000 after purchasing an additional 6,871 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Helix Energy Solutions Group by 24.0% during the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after buying an additional 1,236 shares during the period. CWM LLC boosted its position 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 acquiring an additional 850 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Helix Energy Solutions Group during the second quarter valued at about $411,000. Finally, Diversified Trust Co boosted its holdings in shares of Helix Energy Solutions Group by 4.6% in the 2nd quarter. Diversified Trust Co now owns 48,343 shares of the oil and gas company’s stock valued at $577,000 after buying an additional 2,125 shares in the last quarter. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Price Performance

Helix Energy Solutions Group stock opened at $10.69 on Monday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $10.32 and a 200 day moving average price of $10.80. Helix Energy Solutions Group, Inc. has a 12-month low of $8.82 and a 12-month high of $13.05. The stock has a market cap of $1.63 billion, a P/E ratio of 267.32 and a beta of 2.43.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (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 business had revenue of $342.42 million during the quarter, compared to the consensus estimate of $354.74 million. During the same quarter last year, the firm earned $0.19 EPS. Sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Insider Buying and Selling at Helix Energy Solutions Group

In related news, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $85,488,571.20. This represents a 3.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on HLX. Raymond James initiated coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective for the company. BTIG Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. TD Cowen cut 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 note on Friday, October 25th. Finally, StockNews.com lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 26th.

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.