Proficio Capital Partners LLC Buys Shares of 31,073 Helix Energy Solutions Group, Inc. (NYSE:HLX)

Proficio Capital Partners LLC acquired a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,073 shares of the oil and gas company’s stock, valued at approximately $290,000.

Several other hedge funds also recently bought and sold shares of HLX. State Street Corp boosted its holdings in shares of Helix Energy Solutions Group by 3.8% during the 3rd quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock valued at $73,973,000 after purchasing an additional 246,577 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Helix Energy Solutions Group by 16.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock valued at $61,016,000 after buying an additional 923,477 shares during the period. Geode Capital Management LLC increased its holdings in Helix Energy Solutions Group by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company’s stock valued at $36,492,000 after buying an additional 25,432 shares during the period. Systematic Financial Management LP increased its holdings in Helix Energy Solutions Group by 10.5% during the third quarter. Systematic Financial Management LP now owns 2,480,765 shares of the oil and gas company’s stock valued at $27,536,000 after buying an additional 236,222 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Helix Energy Solutions Group by 18.3% in the fourth quarter. Principal Financial Group Inc. now owns 2,443,203 shares of the oil and gas company’s stock valued at $22,771,000 after acquiring an additional 378,394 shares in the last quarter. Institutional investors own 91.33% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at Helix Energy Solutions Group

In related news, EVP Kenneth English Neikirk sold 83,991 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $9.17, for a total transaction of $770,197.47. Following the transaction, the executive vice president now directly owns 104,549 shares in the company, valued at approximately $958,714.33. The trade was a 44.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Trading Up 0.8 %

Shares of Helix Energy Solutions Group stock opened at $7.83 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a fifty day moving average price of $8.50 and a 200 day moving average price of $9.57. Helix Energy Solutions Group, Inc. has a 1 year low of $7.56 and a 1 year high of $13.05. The stock has a market cap of $1.18 billion, a PE ratio of 195.67 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data 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. The company had revenue of $355.13 million during the quarter, compared to analysts’ expectations of $311.66 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. Equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

About Helix Energy Solutions Group

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.