Charles Schwab Investment Management Inc. Increases Stake in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Charles Schwab Investment Management Inc. grew its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,189,359 shares of the oil and gas company's stock after acquiring an additional 79,197 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.44% of Helix Energy Solutions Group worth $20,405,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLX. Assetmark Inc. purchased a new stake in Helix Energy Solutions Group during the 3rd quarter valued at $33,000. Victory Capital Management Inc. raised its holdings in Helix Energy Solutions Group by 54.3% during the 3rd quarter. Victory Capital Management Inc. now owns 80,934 shares of the oil and gas company's stock valued at $898,000 after buying an additional 28,466 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Helix Energy Solutions Group by 32.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 22,009 shares of the oil and gas company's stock valued at $244,000 after buying an additional 5,395 shares during the period. Empowered Funds LLC raised its holdings in Helix Energy Solutions Group by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 119,048 shares of the oil and gas company's stock valued at $1,321,000 after buying an additional 6,030 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Helix Energy Solutions Group by 11.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company's stock valued at $11,829,000 after buying an additional 106,582 shares during the period. 91.33% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Separately, 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 Trading Down 0.3 %

HLX stock traded down $0.03 during midday trading on Friday, reaching $8.62. The company's stock had a trading volume of 11,256,442 shares, compared to its average volume of 1,668,597. 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 fifty day simple moving average of $8.31 and a two-hundred day simple moving average of $9.40. 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 market capitalization of $1.30 billion, a price-to-earnings ratio of 215.43 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its earnings results on Monday, February 24th. The oil and gas company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $311.66 million. On average, equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Kenneth English Neikirk sold 83,991 shares of the firm's 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 owns 104,549 shares in the company, valued at approximately $958,714.33. This trade represents a 44.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.37% of the company's stock.

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.