Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 24.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 112,035 shares of the oil and gas company’s stock after selling 36,259 shares during the period. Quantbot Technologies LP’s holdings in Helix Energy Solutions Group were worth $1,244,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Assetmark Inc. acquired a new position in Helix Energy Solutions Group during the third quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Helix Energy Solutions Group in the 2nd quarter worth approximately $45,000. GAMMA Investing LLC boosted its holdings in shares of Helix Energy Solutions Group by 24.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 1,236 shares during the last quarter. CWM LLC grew its position in shares of Helix Energy Solutions Group by 10.4% in the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 850 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Helix Energy Solutions Group in the third quarter valued at approximately $157,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

Shares of Helix Energy Solutions Group stock opened at $10.69 on Friday. The firm has a market cap of $1.63 billion, a PE ratio of 267.25 and a beta of 2.43. 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 52 week low of $8.82 and a 52 week high of $13.05. The business’s fifty day simple moving average is $10.32 and its 200-day simple moving average is $10.81.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results 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. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The company had revenue of $342.42 million for the quarter, compared to analysts’ expectations of $354.74 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. Equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on HLX. TD Cowen lowered their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. StockNews.com lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th. Raymond James started coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective for the company. Finally, BTIG Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th.

Insider Buying and Selling

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the transaction, the chief executive officer now directly owns 7,171,860 shares in the company, valued at $85,488,571.20. This represents a 3.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.37% of the stock is currently owned by corporate insiders.

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.