Helix Energy Solutions Group, Inc. (NYSE:HLX) Short Interest Down 12.4% in January

Helix Energy Solutions Group, Inc. (NYSE:HLX) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 7,460,000 shares, a decline of 12.4% from the December 31st total of 8,520,000 shares. Approximately 5.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,560,000 shares, the days-to-cover ratio is currently 4.8 days.

Helix Energy Solutions Group Trading Down 2.0 %

Shares of HLX opened at $8.00 on Friday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $9.38 and a 200 day moving average price of $10.16. Helix Energy Solutions Group has a 12-month low of $7.98 and a 12-month high of $13.05. The firm has a market capitalization of $1.22 billion, a P/E ratio of 200.05 and a beta of 2.46.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HLX shares. StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. TD Cowen decreased their price target on shares of 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. 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 Activity

In other news, Director Diana Glassman sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total transaction of $159,040.00. Following the completion of the transaction, the director now directly owns 26,133 shares of the company’s stock, valued at $259,762.02. This represents a 37.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Scott Andrew Sparks sold 170,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the transaction, the chief operating officer now owns 112,634 shares of the company’s stock, valued at $1,111,697.58. This represents a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 269,991 shares of company stock valued at $2,607,137 in the last quarter. 6.37% of the stock is currently owned by company insiders.

Institutional Trading of Helix Energy Solutions Group

Several institutional investors have recently made changes to their positions in HLX. State Street Corp raised its position in Helix Energy Solutions Group by 3.8% in the third 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 period. Pacer Advisors Inc. lifted its position in Helix Energy Solutions Group by 16.4% in 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 last quarter. Geode Capital Management LLC boosted its stake 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 worth $36,492,000 after buying an additional 25,432 shares during the period. Systematic Financial Management LP increased its position in shares of 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 acquiring an additional 236,222 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Helix Energy Solutions Group by 18.3% in the 4th 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 during the period. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Company 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.