Vontobel Holding Ltd. Makes New Investment in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Vontobel Holding Ltd. bought a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 4th quarter, Holdings Channel reports. The institutional investor bought 10,019 shares of the oil and gas company’s stock, valued at approximately $93,000.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. acquired a new position in shares of Helix Energy Solutions Group during the third quarter worth $33,000. Millburn Ridgefield Corp acquired a new position in shares of Helix Energy Solutions Group during the third quarter worth $61,000. KBC Group NV increased its holdings in shares of Helix Energy Solutions Group by 61.8% during the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock worth $85,000 after buying an additional 3,491 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of Helix Energy Solutions Group during the third quarter worth $130,000. Finally, Entropy Technologies LP acquired a new position in shares of Helix Energy Solutions Group during the third quarter worth $157,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on HLX shares. TD Cowen lowered their price target on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 25th. StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th.

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $7.91 on Friday. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 197.67 and a beta of 2.43. Helix Energy Solutions Group, Inc. has a twelve month low of $7.76 and a twelve month high of $13.05. The stock has a fifty day simple moving average of $8.72 and a 200 day simple moving average of $9.76. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

Insider Activity at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 170,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the sale, the chief operating officer now owns 112,634 shares of the company’s stock, valued at approximately $1,111,697.58. This represents a 60.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kenneth English Neikirk sold 83,991 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $9.17, for a total transaction of $770,197.47. Following the sale, the executive vice president now directly owns 104,549 shares in the company, valued at $958,714.33. This trade represents a 44.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 269,991 shares of company stock worth $2,607,137 over the last three months. Company insiders own 6.37% of the company’s stock.

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.