Intech Investment Management LLC Grows Stock Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Intech Investment Management LLC boosted its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 51.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 47,168 shares of the oil and gas company’s stock after purchasing an additional 16,072 shares during the quarter. Intech Investment Management LLC’s holdings in Helix Energy Solutions Group were worth $524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in shares of Helix Energy Solutions Group by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock worth $131,559,000 after purchasing an additional 254,880 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Helix Energy Solutions Group during the second quarter worth approximately $81,862,000. American Century Companies Inc. increased its position in Helix Energy Solutions Group by 24.9% during the second quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock worth $40,756,000 after buying an additional 680,635 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Helix Energy Solutions Group by 74.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock valued at $27,640,000 after acquiring an additional 985,101 shares during the period. Finally, Encompass Capital Advisors LLC raised its position in Helix Energy Solutions Group by 2.4% in the 2nd quarter. Encompass Capital Advisors LLC now owns 2,124,306 shares of the oil and gas company’s stock valued at $25,364,000 after purchasing an additional 50,570 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Trading Down 1.0 %

Shares of HLX stock opened at $10.69 on Monday. The firm’s 50 day moving average price is $10.32 and its two-hundred day moving average price is $10.80. Helix Energy Solutions Group, Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $13.05. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 267.32 and a beta of 2.43.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $342.42 million for the quarter, compared to the consensus estimate of $354.74 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. During the same period in the previous year, the business earned $0.19 EPS. On average, analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on HLX. Raymond James began 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. TD Cowen lowered 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. 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. Finally, StockNews.com cut shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 26th.

Insider Buying and Selling at Helix Energy Solutions Group

In related news, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of the sale, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, 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 company 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.