Smartleaf Asset Management LLC Has $45,000 Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Smartleaf Asset Management LLC increased its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 143.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,930 shares of the oil and gas company’s stock after buying an additional 2,902 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Helix Energy Solutions Group were worth $45,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new position in Helix Energy Solutions Group in the third quarter worth about $33,000. Millburn Ridgefield Corp acquired a new position in shares of Helix Energy Solutions Group in the 3rd quarter worth approximately $61,000. KBC Group NV raised its holdings in shares of Helix Energy Solutions Group by 61.8% in the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock worth $85,000 after buying an additional 3,491 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in Helix Energy Solutions Group during the fourth quarter worth $93,000. Finally, Paloma Partners Management Co acquired a new position in Helix Energy Solutions Group during the third quarter worth $130,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, EVP Kenneth English Neikirk sold 83,991 shares of the firm’s 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 $958,714.33. This trade represents a 44.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.37% of the stock is currently owned by corporate insiders.

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $7.83 on Wednesday. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 195.67 and a beta of 2.41. The company has a 50 day moving average of $8.50 and a 200-day moving average of $9.57. 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, Inc. has a 1-year low of $7.56 and a 1-year high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Monday, February 24th. The oil and gas company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $311.66 million. On average, equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

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.