Mirae Asset Global Investments Co. Ltd. Decreases Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Mirae Asset Global Investments Co. Ltd. reduced its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,533 shares of the oil and gas company’s stock after selling 1,652 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Helix Energy Solutions Group were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HLX. CWM LLC increased its stake in shares of Helix Energy Solutions Group by 10.4% during the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 850 shares in the last quarter. Diversified Trust Co increased its position in Helix Energy Solutions Group by 2.1% during the third quarter. Diversified Trust Co now owns 49,348 shares of the oil and gas company’s stock worth $548,000 after buying an additional 1,005 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Helix Energy Solutions Group by 3.0% in the second quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company’s stock worth $484,000 after acquiring an additional 1,187 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Helix Energy Solutions Group by 24.0% in the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after acquiring an additional 1,236 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in shares of Helix Energy Solutions Group by 10.2% during the first quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock valued at $163,000 after acquiring an additional 1,391 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Insider Buying and Selling at Helix Energy Solutions Group

In other news, CEO Owen E. Kratz sold 298,419 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.37% of the stock is owned by company insiders.

Helix Energy Solutions Group Trading Down 0.8 %

Shares of HLX stock opened at $9.18 on Monday. Helix Energy Solutions Group, Inc. has a 1-year low of $8.82 and a 1-year high of $13.05. The firm’s 50-day simple moving average is $10.25 and its 200-day simple moving average is $10.89. The firm has a market cap of $1.40 billion, a P/E ratio of 229.56 and a beta of 2.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $342.42 million for the quarter, compared to analyst estimates of $354.74 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. During the same quarter last year, the business earned $0.19 EPS. As a group, equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.