Foundry Partners LLC Decreases Stake in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Foundry Partners LLC reduced its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 13.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 507,730 shares of the oil and gas company’s stock after selling 76,640 shares during the period. Foundry Partners LLC’s holdings in Helix Energy Solutions Group were worth $5,636,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC boosted its position in Helix Energy Solutions Group by 51.7% in the 3rd quarter. Intech Investment Management LLC now owns 47,168 shares of the oil and gas company’s stock valued at $524,000 after buying an additional 16,072 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Helix Energy Solutions Group by 11.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company’s stock worth $11,829,000 after purchasing an additional 106,582 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Helix Energy Solutions Group by 5.3% during the third quarter. Empowered Funds LLC now owns 119,048 shares of the oil and gas company’s stock worth $1,321,000 after purchasing an additional 6,030 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Helix Energy Solutions Group by 32.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 22,009 shares of the oil and gas company’s stock worth $244,000 after purchasing an additional 5,395 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Helix Energy Solutions Group by 54.3% during the third quarter. Victory Capital Management Inc. now owns 80,934 shares of the oil and gas company’s stock worth $898,000 after purchasing an additional 28,466 shares during the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Helix Energy Solutions Group

In related news, CEO Owen E. Kratz sold 298,419 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the sale, the chief executive officer now owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. The trade was a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HLX shares. BTIG Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Raymond James started coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price target on the stock. Finally, TD Cowen reduced 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 research report on Friday, October 25th.

Helix Energy Solutions Group Stock Performance

Shares of NYSE HLX opened at $11.19 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $10.17 and its two-hundred day moving average price is $10.83. Helix Energy Solutions Group, Inc. has a 52-week low of $8.82 and a 52-week high of $13.05. The stock has a market capitalization of $1.70 billion, a P/E ratio of 279.82 and a beta of 2.43.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $354.74 million. During the same quarter last year, the business earned $0.19 earnings per share. As a group, sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

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.