Cibc World Markets Corp Acquires New Shares in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Cibc World Markets Corp bought a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,485 shares of the oil and gas company’s stock, valued at approximately $126,000.

Several other hedge funds have also recently modified their holdings of the business. Pacer Advisors Inc. boosted its holdings in Helix Energy Solutions Group by 16.4% in the fourth quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock worth $61,016,000 after purchasing an additional 923,477 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Helix Energy Solutions Group during the 4th quarter valued at $6,070,000. Forge First Asset Management Inc. purchased a new position in shares of Helix Energy Solutions Group in the 4th quarter worth $5,565,000. Principal Financial Group Inc. grew its holdings in shares of Helix Energy Solutions Group by 38.6% in the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company’s stock worth $22,919,000 after acquiring an additional 575,450 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in Helix Energy Solutions Group by 111.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 941,394 shares of the oil and gas company’s stock valued at $10,449,000 after acquiring an additional 496,278 shares during the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Helix Energy Solutions Group Trading Down 3.8 %

Shares of HLX stock opened at $8.53 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 213.18 and a beta of 2.41. Helix Energy Solutions Group, Inc. has a 1 year low of $7.56 and a 1 year high of $13.05. The firm has a fifty day moving average price of $8.29 and a 200-day moving average price of $9.36.

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

Insider Buying and Selling

In related news, 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 value of $770,197.47. Following the completion of the transaction, the executive vice president now owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. This represents a 44.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 6.37% of the stock is currently owned by 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.