Proficio Capital Partners LLC Buys New Shares in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Proficio Capital Partners LLC purchased a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 31,073 shares of the oil and gas company’s stock, valued at approximately $290,000.

Several other institutional investors have also recently made changes to their positions in HLX. Victory Capital Management Inc. increased its holdings in Helix Energy Solutions Group by 69.5% in the 4th quarter. Victory Capital Management Inc. now owns 137,168 shares of the oil and gas company’s stock worth $1,278,000 after acquiring an additional 56,234 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Helix Energy Solutions Group by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,189,359 shares of the oil and gas company’s stock worth $20,405,000 after purchasing an additional 79,197 shares in the last quarter. Pacific Global Investment Management Co. raised its position in shares of Helix Energy Solutions Group by 2.9% during the 4th quarter. Pacific Global Investment Management Co. now owns 412,726 shares of the oil and gas company’s stock valued at $3,847,000 after purchasing an additional 11,638 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Helix Energy Solutions Group by 143.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company’s stock valued at $45,000 after buying an additional 2,902 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Helix Energy Solutions Group in the 4th quarter worth $201,000. Institutional investors own 91.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th.

Helix Energy Solutions Group Trading Up 2.6 %

HLX stock opened at $8.84 on Thursday. 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, Inc. has a 1-year low of $7.56 and a 1-year high of $13.05. The business has a 50 day simple moving average of $8.30 and a two-hundred day simple moving average of $9.37. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 220.93 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Monday, February 24th. The oil and gas company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $355.13 million during the quarter, compared to analyst estimates of $311.66 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. Research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity

In other news, EVP Kenneth English Neikirk sold 83,991 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $9.17, for a total transaction of $770,197.47. Following the completion of the transaction, the executive vice president now directly owns 104,549 shares in the company, valued at approximately $958,714.33. This represents a 44.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.37% 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.