Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 5.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,827,144 shares of the oil and gas company's stock after selling 114,196 shares during the quarter. Fisher Asset Management LLC owned about 1.20% of Helix Energy Solutions Group worth $17,029,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Assetmark Inc. purchased a new stake in shares of Helix Energy Solutions Group in the third quarter worth about $33,000. Millburn Ridgefield Corp purchased a new position in Helix Energy Solutions Group in the 3rd quarter worth approximately $61,000. KBC Group NV boosted its holdings in Helix Energy Solutions Group by 61.8% in the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock worth $85,000 after acquiring an additional 3,491 shares during the period. Vontobel Holding Ltd. purchased a new stake in shares of Helix Energy Solutions Group during the fourth quarter valued at approximately $93,000. Finally, Paloma Partners Management Co acquired a new position in shares of Helix Energy Solutions Group during the third quarter worth $130,000. Hedge funds and other institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Stock Up 4.9 %

HLX stock traded up $0.38 during midday trading on Friday, hitting $8.15. 2,446,792 shares of the company's stock were exchanged, compared to its average volume of 1,642,922. The firm has a 50 day moving average price of $8.55 and a 200-day moving average price of $9.62. Helix Energy Solutions Group, Inc. has a 12-month low of $7.56 and a 12-month high of $13.05. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 203.90 and a beta of 2.43. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

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Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted 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 net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $355.13 million for the quarter, compared to analysts' expectations of $311.66 million. On average, analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Insider Activity

In related news, 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 transaction of $159,040.00. Following the sale, the director now directly owns 26,133 shares of the company's stock, valued at approximately $259,762.02. This represents a 37.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Scott Andrew Sparks sold 170,000 shares of the firm's stock in a transaction 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 owns 112,634 shares in the company, valued at $1,111,697.58. This trade represents a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 269,991 shares of company stock worth $2,607,137. 6.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a report on Wednesday, December 4th.

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.