Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. cut its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 70.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,959 shares of the oil and gas company's stock after selling 98,288 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Helix Energy Solutions Group were worth $466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of HLX. Assetmark Inc. purchased a new position in shares of Helix Energy Solutions Group during the 3rd quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Helix Energy Solutions Group in the 2nd quarter worth about $45,000. GAMMA Investing LLC raised its position in Helix Energy Solutions Group by 24.0% during the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company's stock valued at $76,000 after purchasing an additional 1,236 shares during the period. CWM LLC lifted its position in Helix Energy Solutions Group by 10.4% in the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company's stock worth $108,000 after buying an additional 850 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Helix Energy Solutions Group during the 3rd quarter worth about $157,000. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Trading Down 3.5 %

Shares of HLX traded down $0.36 during midday trading on Friday, reaching $9.95. The company had a trading volume of 1,137,718 shares, compared to its average volume of 1,850,068. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 1-year low of $8.82 and a 1-year high of $13.05. The firm has a 50 day simple moving average of $10.10 and a 200-day simple moving average of $10.84. The stock has a market cap of $1.51 billion, a PE ratio of 248.81 and a beta of 2.43.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $342.42 million for the quarter, compared to analyst estimates of $354.74 million. During the same period in the prior year, the firm earned $0.19 earnings per share. Research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on HLX shares. Raymond James initiated coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They set a "strong-buy" rating and a $14.00 price target for the company. StockNews.com upgraded shares of Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a research note on Saturday, November 2nd. TD Cowen cut their price objective on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Finally, BTIG Research cut Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a research report on Thursday, October 24th.

Insider Activity

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the sale, the chief executive officer now owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. This represents a 3.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.37% of the company's stock.

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.