Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Acuitas Investments LLC

Acuitas Investments LLC lessened its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 343,402 shares of the oil and gas company's stock after selling 87,000 shares during the quarter. Helix Energy Solutions Group makes up about 2.7% of Acuitas Investments LLC's portfolio, making the stock its 13th biggest holding. Acuitas Investments LLC owned 0.23% of Helix Energy Solutions Group worth $3,201,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Creative Planning purchased a new stake in shares of Helix Energy Solutions Group during the 3rd quarter valued at approximately $187,000. Allspring Global Investments Holdings LLC raised its stake in shares of Helix Energy Solutions Group by 21.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 27,962 shares of the oil and gas company's stock valued at $310,000 after acquiring an additional 5,013 shares in the last quarter. Semanteon Capital Management LP purchased a new position in shares of Helix Energy Solutions Group in the 3rd quarter valued at about $628,000. US Bancorp DE lifted its stake in Helix Energy Solutions Group by 31.3% in the third quarter. US Bancorp DE now owns 49,512 shares of the oil and gas company's stock worth $550,000 after acquiring an additional 11,804 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Helix Energy Solutions Group by 38.6% during 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 purchasing an additional 575,450 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company's stock.

Insiders Place Their Bets

In related news, COO Scott Andrew Sparks sold 170,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total value of $1,677,900.00. Following the sale, the chief operating officer now owns 112,634 shares in the company, valued at $1,111,697.58. This represents a 60.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 value 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 represents a 44.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 269,991 shares of company stock worth $2,607,137. 6.37% of the stock is owned by corporate insiders.

Helix Energy Solutions Group Stock Performance

Shares of HLX stock traded down $0.20 during trading hours on Friday, reaching $7.91. 1,508,284 shares of the company's stock were exchanged, compared to its average volume of 1,252,108. 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 1 year low of $7.76 and a 1 year high of $13.05. The company has a market cap of $1.20 billion, a P/E ratio of 197.67 and a beta of 2.43. The company's 50 day moving average is $8.72 and its two-hundred day moving average is $9.76.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HLX. BTIG Research cut Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a research report on Thursday, October 24th. StockNews.com raised Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a report on Wednesday, December 4th. Finally, TD Cowen decreased their price target on 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.

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.