Vontobel Holding Ltd. Buys New Shares in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Vontobel Holding Ltd. bought a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,019 shares of the oil and gas company’s stock, valued at approximately $93,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. increased its position in Helix Energy Solutions Group by 16.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock worth $61,016,000 after buying an additional 923,477 shares during the last quarter. Principal Financial Group Inc. increased its position in Helix Energy Solutions Group by 38.6% during 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 buying an additional 575,450 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Helix Energy Solutions Group by 111.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 941,394 shares of the oil and gas company’s stock worth $10,449,000 after buying an additional 496,278 shares during the last quarter. Empowered Funds LLC increased its position in Helix Energy Solutions Group by 352.3% during the fourth quarter. Empowered Funds LLC now owns 538,485 shares of the oil and gas company’s stock worth $5,019,000 after buying an additional 419,437 shares during the last quarter. Finally, State Street Corp increased its position in Helix Energy Solutions Group by 3.8% during the third quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock worth $73,973,000 after buying an additional 246,577 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Down 2.4 %

Shares of NYSE:HLX opened at $7.91 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.20 billion, a PE ratio of 197.67 and a beta of 2.43. The business has a 50 day moving average of $8.72 and a 200-day moving average of $9.76. Helix Energy Solutions Group, Inc. has a 12-month low of $7.76 and a 12-month high of $13.05.

Insider Activity at Helix Energy Solutions Group

In related news, EVP Kenneth English Neikirk sold 83,991 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was 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 directly owns 104,549 shares in the company, valued at approximately $958,714.33. The trade was a 44.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Diana Glassman sold 16,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 26,133 shares of the company’s stock, valued at approximately $259,762.02. This trade represents a 37.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 269,991 shares of company stock worth $2,607,137. Company insiders own 6.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. TD Cowen lowered 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 report on Friday, October 25th. StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th.

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.