Hsbc Holdings PLC Trims Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Hsbc Holdings PLC reduced its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 33.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,267 shares of the oil and gas company’s stock after selling 8,177 shares during the period. Hsbc Holdings PLC’s holdings in Helix Energy Solutions Group were worth $191,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pineridge Advisors LLC acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter worth $54,000. GAMMA Investing LLC lifted its holdings in Helix Energy Solutions Group by 24.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 1,236 shares in the last quarter. CWM LLC boosted its stake in shares of Helix Energy Solutions Group by 10.4% during the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 850 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Helix Energy Solutions Group during the first quarter worth about $135,000. Finally, Syon Capital LLC acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at approximately $138,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Insider Activity

In related news, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the transaction, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at approximately $85,488,571.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Stock Up 1.4 %

HLX opened at $11.17 on Friday. Helix Energy Solutions Group, Inc. has a 12 month low of $8.82 and a 12 month high of $13.05. The business has a 50-day moving average of $10.52 and a two-hundred day moving average of $11.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -53.19 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The firm had revenue of $364.80 million during the quarter, compared to the consensus estimate of $353.19 million. During the same period in the previous year, the firm earned $0.11 earnings per share. On average, research analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. TD Cowen raised their target price on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Raymond James started coverage on Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective on the stock.

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.