Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lowered its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 70.1% during the third quarter, Holdings Channel reports. The fund owned 41,959 shares of the oil and gas company’s stock after selling 98,288 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Helix Energy Solutions Group were worth $466,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HLX. Allspring Global Investments Holdings LLC lifted its position in Helix Energy Solutions Group by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 23,186 shares of the oil and gas company’s stock worth $251,000 after buying an additional 1,954 shares during the period. Russell Investments Group Ltd. lifted its position in Helix Energy Solutions Group by 95.2% during the first quarter. Russell Investments Group Ltd. now owns 308,892 shares of the oil and gas company’s stock worth $3,348,000 after buying an additional 150,657 shares during the period. ProShare Advisors LLC lifted its position in Helix Energy Solutions Group by 7.4% during the first quarter. ProShare Advisors LLC now owns 28,967 shares of the oil and gas company’s stock worth $314,000 after buying an additional 1,997 shares during the period. Bleakley Financial Group LLC lifted its position in Helix Energy Solutions Group by 10.2% during the first quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock worth $163,000 after buying an additional 1,391 shares during the period. Finally, Vanguard Group Inc. lifted its position in Helix Energy Solutions Group by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock worth $144,897,000 after buying an additional 152,413 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in 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. Raymond James began coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 target price on the stock. TD Cowen cut their price objective on 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 upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd.

Helix Energy Solutions Group Stock Performance

Helix Energy Solutions Group stock opened at $9.95 on Friday. The stock’s 50-day moving average is $10.10 and its 200-day moving average is $10.83. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 248.75 and a beta of 2.43. 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 12 month low of $8.82 and a 12 month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $342.42 million for the quarter, compared to the consensus estimate of $354.74 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. During the same period last year, the business posted $0.19 EPS. Equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Insider Activity at Helix Energy Solutions Group

In related news, CEO Owen E. Kratz sold 298,419 shares of the firm’s stock in a transaction dated 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 directly owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. This trade represents a 3.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 6.37% of the company’s stock.

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.