Natixis Advisors LLC Takes $205,000 Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Natixis Advisors LLC bought a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,007 shares of the oil and gas company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLX. Forge First Asset Management Inc. purchased a new stake in Helix Energy Solutions Group in the fourth quarter worth about $5,565,000. Amundi raised its position in shares of Helix Energy Solutions Group by 191.9% in the 4th quarter. Amundi now owns 89,714 shares of the oil and gas company’s stock worth $812,000 after acquiring an additional 58,976 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Helix Energy Solutions Group by 6.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 33,553 shares of the oil and gas company’s stock valued at $313,000 after purchasing an additional 1,950 shares during the period. Inceptionr LLC bought a new stake in shares of Helix Energy Solutions Group during the fourth quarter valued at approximately $113,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Helix Energy Solutions Group during the fourth quarter valued at approximately $6,070,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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 shares were sold at an average price of $9.17, for a total value of $770,197.47. Following the completion of the transaction, the executive vice president now directly owns 104,549 shares in the company, valued at $958,714.33. The trade was a 44.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.37% of the stock is currently owned by insiders.

Helix Energy Solutions Group Price Performance

HLX stock opened at $8.38 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a 50 day moving average price of $8.27 and a 200-day moving average price of $9.36. Helix Energy Solutions Group, Inc. has a 52-week low of $7.56 and a 52-week high of $13.05. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 209.55 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Monday, February 24th. The oil and gas company reported $0.13 earnings per share (EPS) 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 business had revenue of $355.13 million during the quarter, compared to analysts’ expectations of $311.66 million. Equities research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal 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.