Helix Energy Solutions Group, Inc. (NYSE:HLX) Sees Significant Decrease in Short Interest

Helix Energy Solutions Group, Inc. (NYSE:HLX) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 7,460,000 shares, a decrease of 12.4% from the December 31st total of 8,520,000 shares. Based on an average daily volume of 1,560,000 shares, the short-interest ratio is presently 4.8 days. Currently, 5.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HLX. BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, TD Cowen cut their target price on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 25th.

Helix Energy Solutions Group Price Performance

Shares of HLX opened at $8.00 on Monday. The business’s 50-day moving average is $9.38 and its two-hundred day moving average is $10.13. The company has a market capitalization of $1.22 billion, a P/E ratio of 200.05 and a beta of 2.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. Helix Energy Solutions Group has a fifty-two week low of $7.98 and a fifty-two week high of $13.05.

Insider Activity

In other news, COO Scott Andrew Sparks sold 170,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the completion of the sale, the chief operating officer now owns 112,634 shares in the company, valued at approximately $1,111,697.58. This represents a 60.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Diana Glassman sold 16,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total value of $159,040.00. Following the sale, the director now owns 26,133 shares of the company’s stock, valued at approximately $259,762.02. This represents a 37.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 269,991 shares of company stock worth $2,607,137. Insiders own 6.37% of the company’s stock.

Institutional Investors Weigh In On Helix Energy Solutions Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. acquired a new stake in shares of Helix Energy Solutions Group during the 3rd quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Helix Energy Solutions Group during the 2nd quarter valued at about $45,000. Millburn Ridgefield Corp acquired a new stake in shares of Helix Energy Solutions Group during the 3rd quarter valued at about $61,000. KBC Group NV grew its position in shares of Helix Energy Solutions Group by 61.8% during the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock valued at $85,000 after acquiring an additional 3,491 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Helix Energy Solutions Group by 21.1% during the 3rd quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after acquiring an additional 1,343 shares during the period. 91.33% of the stock is owned by institutional investors and hedge funds.

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.