Assenagon Asset Management S.A. Cuts Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Assenagon Asset Management S.A. decreased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 28.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,469,002 shares of the oil and gas company's stock after selling 581,061 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.97% of Helix Energy Solutions Group worth $13,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Helix Energy Solutions Group by 11.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company's stock worth $11,829,000 after acquiring an additional 106,582 shares in the last quarter. Jane Street Group LLC increased its stake in Helix Energy Solutions Group by 217.0% during the 3rd quarter. Jane Street Group LLC now owns 305,767 shares of the oil and gas company's stock valued at $3,394,000 after purchasing an additional 209,311 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Helix Energy Solutions Group by 3.9% in the third quarter. Fisher Asset Management LLC now owns 1,941,340 shares of the oil and gas company's stock worth $21,549,000 after buying an additional 72,945 shares during the last quarter. Semanteon Capital Management LP bought a new position in shares of Helix Energy Solutions Group in the third quarter worth approximately $628,000. Finally, Principal Financial Group Inc. grew its holdings 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 valued at $22,919,000 after buying an additional 575,450 shares during the last quarter. Hedge funds and other institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Stock Performance

Shares of NYSE HLX traded up $0.16 during midday trading on Friday, hitting $9.11. 997,911 shares of the company's stock traded hands, compared to its average volume of 1,444,562. The firm has a fifty day moving average of $9.80 and a 200 day moving average of $10.41. Helix Energy Solutions Group, Inc. has a 1 year low of $8.64 and a 1 year high of $13.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 227.71 and a beta of 2.46.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The business had revenue of $342.42 million for the quarter, compared to the consensus estimate of $354.74 million. During the same period last year, the firm earned $0.19 earnings per share. On average, analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Scott Andrew Sparks sold 170,000 shares of the business'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 transaction, the chief operating officer now directly owns 112,634 shares of the company's stock, valued at approximately $1,111,697.58. The trade was a 60.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diana Glassman sold 16,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total value of $159,040.00. Following the completion of the transaction, the director now 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 disclosure for this sale can be found here. Insiders sold a total of 269,991 shares of company stock worth $2,607,137 over the last quarter. 6.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HLX shares. TD Cowen lowered their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. StockNews.com raised Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a report on Wednesday, December 4th. Finally, BTIG Research downgraded shares of Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a research report on Thursday, October 24th.

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.