Public Sector Pension Investment Board Reduces Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Public Sector Pension Investment Board decreased its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,231 shares of the oil and gas company’s stock after selling 12,100 shares during the period. Public Sector Pension Investment Board owned 0.20% of Helix Energy Solutions Group worth $3,366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in 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 buying an additional 985,101 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Helix Energy Solutions Group by 11.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company’s stock valued at $11,829,000 after purchasing an additional 106,582 shares in the last quarter. Semanteon Capital Management LP bought a new stake in shares of Helix Energy Solutions Group during the 3rd quarter valued at $628,000. Fisher Asset Management LLC lifted its holdings in Helix Energy Solutions Group by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 1,941,340 shares of the oil and gas company’s stock worth $21,549,000 after purchasing an additional 72,945 shares in the last quarter. Finally, Caxton Associates LP boosted its stake in Helix Energy Solutions Group by 225.5% in the 2nd quarter. Caxton Associates LP now owns 94,860 shares of the oil and gas company’s stock worth $1,133,000 after purchasing an additional 65,720 shares during the period. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Down 1.2 %

Shares of Helix Energy Solutions Group stock opened at $10.72 on Wednesday. The company has a 50 day simple moving average of $10.34 and a two-hundred day simple moving average of $10.79. The firm has a market cap of $1.63 billion, a PE ratio of 268.07 and a beta of 2.45. 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 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 earnings results 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. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The company had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. During the same period in the previous year, the business earned $0.19 earnings per share. Analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Activity at Helix Energy Solutions Group

In related news, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 7,171,860 shares of the company’s stock, valued at approximately $85,488,571.20. This trade represents a 3.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HLX. Raymond James began coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price target on the stock. BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. TD Cowen decreased 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 report on Friday, October 25th. Finally, StockNews.com lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 26th.

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.