Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers grew its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 437,081 shares of the oil and gas company’s stock after buying an additional 9,333 shares during the quarter. Rhumbline Advisers’ holdings in Helix Energy Solutions Group were worth $4,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. purchased a new position in Helix Energy Solutions Group during the third quarter valued at approximately $33,000. Millburn Ridgefield Corp acquired a new stake in shares of Helix Energy Solutions Group in the third quarter worth $61,000. KBC Group NV lifted its stake in shares of Helix Energy Solutions Group by 61.8% in 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 during the last quarter. Vontobel Holding Ltd. acquired a new position in Helix Energy Solutions Group during the 4th quarter valued at $93,000. Finally, Paloma Partners Management Co acquired a new position in Helix Energy Solutions Group during the 3rd quarter valued at $130,000. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Stock Performance

Shares of NYSE:HLX opened at $8.62 on Friday. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 215.55 and a beta of 2.43. The firm’s 50 day simple moving average is $8.66 and its 200 day simple moving average is $9.71. 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 fifty-two week low of $7.76 and a fifty-two week high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Monday, February 24th. The oil and gas company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. The firm had revenue of $355.13 million for the quarter, compared to the consensus estimate of $311.66 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. As a group, sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

Insider Activity at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, Director Diana Glassman sold 16,000 shares of Helix Energy Solutions Group stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total transaction of $159,040.00. Following the completion of the transaction, the director now directly owns 26,133 shares of the company’s stock, valued at $259,762.02. The trade was a 37.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kenneth English Neikirk sold 83,991 shares of Helix Energy Solutions Group stock in a transaction on Monday, December 30th. The stock was sold at an average price of $9.17, for a total transaction of $770,197.47. Following the transaction, the executive vice president now directly owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. This trade represents a 44.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 269,991 shares of company stock valued at $2,607,137. 6.37% of the stock is owned by corporate insiders.

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.