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

Renaissance Technologies LLC decreased its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 22.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 222,127 shares of the oil and gas company’s stock after selling 64,073 shares during the period. Renaissance Technologies LLC’s holdings in Helix Energy Solutions Group were worth $2,652,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. CWM LLC raised its position in Helix Energy Solutions Group by 10.4% in the 2nd 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 during the last quarter. Arizona State Retirement System raised its position in Helix Energy Solutions Group by 3.0% in the 2nd quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company’s stock valued at $484,000 after purchasing an additional 1,187 shares during the last quarter. GAMMA Investing LLC raised its position in 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 buying an additional 1,236 shares during the last quarter. Bleakley Financial Group LLC raised its position in Helix Energy Solutions Group by 10.2% during the 1st quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock worth $163,000 after buying an additional 1,391 shares during the last quarter. Finally, Meeder Advisory Services Inc. increased its holdings in shares of Helix Energy Solutions Group by 9.5% in the 2nd quarter. Meeder Advisory Services Inc. now owns 16,618 shares of the oil and gas company’s stock valued at $198,000 after purchasing an additional 1,445 shares in the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Up 0.9 %

NYSE HLX opened at $11.20 on Wednesday. Helix Energy Solutions Group, Inc. has a one year low of $8.82 and a one year high of $13.05. The company’s 50 day moving average price is $10.64 and its 200 day moving average price is $11.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of -53.33 and a beta of 2.42.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The company had revenue of $364.80 million for the quarter, compared to analyst estimates of $353.19 million. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. During the same quarter last year, the firm posted $0.11 earnings per share. On average, sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HLX. Raymond James began coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price target for the company. TD Cowen raised their price target on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th.

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.