UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 17,380 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 320,269 shares of the oil and gas company’s stock after selling 17,380 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Helix Energy Solutions Group worth $3,555,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HLX. Assetmark Inc. purchased a new position in shares of Helix Energy Solutions Group during the third quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Helix Energy Solutions Group in the second quarter valued at $45,000. GAMMA Investing LLC raised its stake in shares of Helix Energy Solutions Group by 21.1% in the third quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after buying an additional 1,343 shares during the period. CWM LLC raised its stake 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 buying an additional 850 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Helix Energy Solutions Group in the third quarter valued at $157,000. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Stock Performance

NYSE:HLX opened at $9.63 on Friday. The stock has a 50-day simple moving average of $10.23 and a two-hundred day simple moving average of $10.73. Helix Energy Solutions Group, Inc. has a 52-week low of $8.91 and a 52-week high of $13.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market capitalization of $1.46 billion, a PE ratio of 240.75 and a beta of 2.45.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business 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 earnings per share. Analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Insider Buying and Selling

In related news, CEO Owen E. Kratz sold 298,419 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 7,171,860 shares in the company, valued at $85,488,571.20. This trade represents a 3.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Scott Andrew Sparks sold 170,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total value of $1,677,900.00. Following the sale, the chief operating officer now directly owns 112,634 shares in the company, 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 have sold a total of 484,419 shares of company stock valued at $5,394,094 over the last quarter. 6.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. TD Cowen decreased 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 upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. BTIG Research cut Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. Finally, Raymond James initiated coverage on Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective for the company.

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.