Inceptionr LLC Buys New Shares in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Inceptionr LLC bought a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,095 shares of the oil and gas company’s stock, valued at approximately $113,000.

A number of other institutional investors have also recently bought and sold shares of HLX. Creative Planning purchased a new stake in Helix Energy Solutions Group in the third quarter valued at approximately $187,000. US Bancorp DE grew its holdings in Helix Energy Solutions Group by 31.3% in the third quarter. US Bancorp DE now owns 49,512 shares of the oil and gas company’s stock valued at $550,000 after purchasing an additional 11,804 shares during the period. Principal Financial Group Inc. grew its holdings in Helix Energy Solutions Group by 38.6% in the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company’s stock valued at $22,919,000 after purchasing an additional 575,450 shares during the period. Assetmark Inc. purchased a new stake in Helix Energy Solutions Group in the third quarter valued at approximately $33,000. Finally, Entropy Technologies LP purchased a new stake in Helix Energy Solutions Group in the third quarter valued at approximately $157,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Helix Energy Solutions Group

In other news, EVP Kenneth English Neikirk sold 83,991 shares of the business’s stock in a transaction on 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 of the company’s stock, 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Trading Down 5.0 %

Shares of HLX stock opened at $7.78 on Tuesday. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 194.42 and a beta of 2.41. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a fifty-two week low of $7.56 and a fifty-two week high of $13.05. The firm’s 50 day moving average price is $8.53 and its two-hundred day moving average price is $9.59.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results 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 firm had revenue of $355.13 million for 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%. On average, analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.