Crossmark Global Holdings Inc. Reduces Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Crossmark Global Holdings Inc. reduced its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 9.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,226 shares of the oil and gas company’s stock after selling 1,070 shares during the period. Crossmark Global Holdings Inc.’s holdings in Helix Energy Solutions Group were worth $122,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pineridge Advisors LLC purchased a new position in shares of Helix Energy Solutions Group in the 4th quarter worth $54,000. Lindbrook Capital LLC lifted its holdings in shares of Helix Energy Solutions Group by 1,037.6% in the 1st quarter. Lindbrook Capital LLC now owns 5,563 shares of the oil and gas company’s stock worth $60,000 after acquiring an additional 5,074 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Helix Energy Solutions Group by 24.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after acquiring an additional 1,236 shares during the last quarter. CWM LLC lifted its holdings in shares of 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 worth $108,000 after acquiring an additional 850 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Helix Energy Solutions Group in the 1st quarter worth about $135,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Trading Down 1.3 %

Shares of HLX opened at $10.15 on Friday. Helix Energy Solutions Group, Inc. has a 1-year low of $8.82 and a 1-year high of $13.05. The company has a 50-day moving average of $11.40 and a 200 day moving average of $10.97. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -48.33 and a beta of 2.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 2.08.

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

Analysts Set New Price Targets

Separately, TD Cowen raised their target price on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th.

Insider Activity at Helix Energy Solutions Group

In related news, Director Diana Glassman sold 2,864 shares of Helix Energy Solutions Group stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $10.49, for a total transaction of $30,043.36. Following the completion of the sale, the director now owns 42,133 shares in the company, valued at approximately $441,975.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.37% of the stock is currently owned by company insiders.

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.