Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC decreased its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,571 shares of the oil and gas company’s stock after selling 1,336 shares during the quarter. Bleakley Financial Group LLC’s holdings in Helix Energy Solutions Group were worth $117,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of HLX. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Helix Energy Solutions Group by 11.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company’s stock worth $11,829,000 after buying an additional 106,582 shares during the period. Jane Street Group LLC boosted its position in Helix Energy Solutions Group by 217.0% during the third quarter. Jane Street Group LLC now owns 305,767 shares of the oil and gas company’s stock worth $3,394,000 after purchasing an additional 209,311 shares during the period. Fisher Asset Management LLC increased its stake in shares of Helix Energy Solutions Group by 3.9% in the third quarter. Fisher Asset Management LLC now owns 1,941,340 shares of the oil and gas company’s stock worth $21,549,000 after purchasing an additional 72,945 shares during the period. Semanteon Capital Management LP acquired a new stake in Helix Energy Solutions Group in the 3rd quarter worth $628,000. Finally, Principal Financial Group Inc. boosted its stake in Helix Energy Solutions Group by 38.6% during the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company’s stock worth $22,919,000 after buying an additional 575,450 shares in the last quarter. Institutional investors own 91.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HLX. TD Cowen lowered 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. BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. Finally, StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th.

Helix Energy Solutions Group Price Performance

NYSE:HLX opened at $8.08 on Thursday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 202.05 and a beta of 2.43. Helix Energy Solutions Group, Inc. has a 52 week low of $7.76 and a 52 week 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 firm’s 50-day simple moving average is $8.96 and its 200 day simple moving average is $9.89.

Insider Activity

In other news, COO Scott Andrew Sparks sold 170,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the completion of the sale, the chief operating officer now owns 112,634 shares of the company’s stock, valued at $1,111,697.58. This trade represents a 60.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, the executive vice president now owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. This represents a 44.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 269,991 shares of company stock worth $2,607,137. 6.37% of the stock is currently owned by company insiders.

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.