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

Charles Schwab Investment Management Inc. boosted its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,110,162 shares of the oil and gas company’s stock after buying an additional 59,252 shares during the period. Charles Schwab Investment Management Inc. owned 1.39% of Helix Energy Solutions Group worth $23,423,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in shares of Helix Energy Solutions Group by 74.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after purchasing an additional 985,101 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Helix Energy Solutions Group by 11.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company’s stock valued at $11,829,000 after acquiring an additional 106,582 shares during the last quarter. Semanteon Capital Management LP purchased a new stake in shares of Helix Energy Solutions Group in the 3rd quarter valued at approximately $628,000. Caxton Associates LP lifted its holdings in shares of Helix Energy Solutions Group by 225.5% in the 2nd quarter. Caxton Associates LP now owns 94,860 shares of the oil and gas company’s stock worth $1,133,000 after acquiring an additional 65,720 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Helix Energy Solutions Group during the 2nd quarter worth approximately $1,017,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Down 1.2 %

Shares of NYSE:HLX opened at $10.49 on Friday. Helix Energy Solutions Group, Inc. has a 12-month low of $8.82 and a 12-month high of $13.05. The stock’s 50-day moving average price is $10.35 and its two-hundred day moving average price is $10.78. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 262.32 and a beta of 2.45. 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 issued its quarterly earnings data 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. The firm had revenue of $342.42 million for the quarter, compared to analyst estimates 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 previous year, the business posted $0.19 EPS. On average, research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Wall Street Analyst Weigh In

HLX has been the topic of a number of research reports. TD Cowen decreased their price target on 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. BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Raymond James began coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective on the stock.

Insider Activity 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 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 completion of the sale, the chief executive officer now owns 7,171,860 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.37% of the company’s stock.

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.