SG Americas Securities LLC Cuts Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

SG Americas Securities LLC decreased its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 17.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,209 shares of the oil and gas company’s stock after selling 13,714 shares during the period. SG Americas Securities LLC’s holdings in Helix Energy Solutions Group were worth $598,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Diversified Trust Co increased its position in Helix Energy Solutions Group by 12.6% during the 4th quarter. Diversified Trust Co now owns 55,568 shares of the oil and gas company’s stock valued at $518,000 after buying an additional 6,220 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Helix Energy Solutions Group by 38.6% in the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company’s stock worth $22,919,000 after acquiring an additional 575,450 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Helix Energy Solutions Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company’s stock worth $36,492,000 after acquiring an additional 25,432 shares during the last quarter. Barclays PLC increased its holdings in shares of Helix Energy Solutions Group by 269.0% during the third quarter. Barclays PLC now owns 306,482 shares of the oil and gas company’s stock valued at $3,402,000 after acquiring an additional 223,432 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in shares of Helix Energy Solutions Group in the 3rd quarter worth about $273,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HLX has been the topic of several recent analyst reports. 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 report on Friday, October 25th. BTIG Research downgraded 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 raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

Helix Energy Solutions Group Trading Down 0.2 %

Shares of NYSE:HLX opened at $8.18 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. Helix Energy Solutions Group, Inc. has a 1 year low of $8.03 and a 1 year high of $13.05. The company has a market cap of $1.24 billion, a P/E ratio of 204.43 and a beta of 2.46. The stock’s fifty day moving average price is $9.45 and its 200-day moving average price is $10.19.

Insiders Place Their Bets

In other Helix Energy Solutions Group news, EVP Kenneth English Neikirk sold 83,991 shares of Helix Energy Solutions Group stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.17, for a total value of $770,197.47. Following the completion of the sale, the executive vice president now owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. The trade was a 44.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Diana Glassman sold 16,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total value of $159,040.00. Following the transaction, the director now directly owns 26,133 shares in the company, valued at $259,762.02. The trade was a 37.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 269,991 shares of company stock valued at $2,607,137. 6.37% of the stock is owned by insiders.

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.