Assetmark Inc. Acquires New Shares in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Assetmark Inc. acquired a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,985 shares of the oil and gas company’s stock, valued at approximately $33,000.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Helix Energy Solutions Group by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock worth $144,897,000 after buying an additional 152,413 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Helix Energy Solutions Group by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock worth $131,559,000 after buying an additional 254,880 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Helix Energy Solutions Group during the second quarter valued at approximately $81,862,000. American Century Companies Inc. grew its stake in Helix Energy Solutions Group by 24.9% in the second quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock valued at $40,756,000 after purchasing an additional 680,635 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Helix Energy Solutions Group by 74.1% in the second quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after purchasing an additional 985,101 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were 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 in the company, valued at approximately $85,488,571.20. This represents a 3.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HLX shares. Raymond James assumed coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 target price on the stock. StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. TD Cowen cut their target price on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th.

Helix Energy Solutions Group Trading Up 3.5 %

NYSE:HLX opened at $10.49 on Wednesday. The stock has a 50-day simple moving average of $10.14 and a 200-day simple moving average of $10.83. Helix Energy Solutions Group, Inc. has a 1 year low of $8.82 and a 1 year high of $13.05. 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 stock has a market cap of $1.60 billion, a P/E ratio of 262.32 and a beta of 2.43.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $342.42 million for the quarter, compared to analyst estimates of $354.74 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. During the same period in the previous year, the business posted $0.19 earnings per share. As a group, analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share 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.