Y Intercept Hong Kong Ltd Buys Shares of 21,564 Helix Energy Solutions Group, Inc. (NYSE:HLX)

Y Intercept Hong Kong Ltd purchased a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 21,564 shares of the oil and gas company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its position in Helix Energy Solutions Group by 3.8% in 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 acquiring an additional 246,577 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Helix Energy Solutions Group by 16.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock valued at $61,016,000 after purchasing an additional 923,477 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Helix Energy Solutions Group by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company’s stock worth $36,492,000 after purchasing an additional 25,432 shares during the period. Systematic Financial Management LP increased its position in shares of Helix Energy Solutions Group by 10.5% during the 3rd quarter. Systematic Financial Management LP now owns 2,480,765 shares of the oil and gas company’s stock worth $27,536,000 after purchasing an additional 236,222 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Helix Energy Solutions Group by 18.3% in the 4th quarter. Principal Financial Group Inc. now owns 2,443,203 shares of the oil and gas company’s stock valued at $22,771,000 after buying an additional 378,394 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.

Insider Activity

In related news, Director Diana Glassman sold 16,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total transaction of $159,040.00. Following the completion of the transaction, the director now directly owns 26,133 shares of the company’s stock, valued at $259,762.02. The trade was a 37.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kenneth English Neikirk sold 83,991 shares of the stock in a transaction dated 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 directly owns 104,549 shares in the company, valued at $958,714.33. This represents a 44.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 269,991 shares of company stock valued at $2,607,137. 6.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

Helix Energy Solutions Group Stock Up 1.5 %

NYSE:HLX opened at $7.88 on Thursday. Helix Energy Solutions Group, Inc. has a 52 week low of $7.56 and a 52 week high of $13.05. The stock’s fifty day moving average is $8.60 and its two-hundred day moving average is $9.65. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 196.92 and a beta of 2.43. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Monday, February 24th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The firm had revenue of $355.13 million for the quarter, compared to analyst estimates of $311.66 million. Research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

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.