Forge First Asset Management Inc. Takes Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Forge First Asset Management Inc. purchased a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 597,100 shares of the oil and gas company's stock, valued at approximately $5,565,000. Helix Energy Solutions Group makes up 2.0% of Forge First Asset Management Inc.'s investment portfolio, making the stock its 17th biggest position. Forge First Asset Management Inc. owned 0.39% of Helix Energy Solutions Group as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. purchased a new position in shares of Helix Energy Solutions Group in the 3rd quarter worth about $33,000. Smartleaf Asset Management LLC increased its position in shares of Helix Energy Solutions Group by 143.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 2,902 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in Helix Energy Solutions Group in the third quarter worth approximately $61,000. KBC Group NV boosted its stake in shares of Helix Energy Solutions Group by 61.8% during the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock valued at $85,000 after purchasing an additional 3,491 shares during the period. Finally, Vontobel Holding Ltd. purchased a new stake in shares of Helix Energy Solutions Group during the fourth quarter valued at approximately $93,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Helix Energy Solutions Group

In related news, EVP Kenneth English Neikirk sold 83,991 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 104,549 shares in the company, valued at approximately $958,714.33. The trade was a 44.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.37% of the stock is currently owned by corporate insiders.

Helix Energy Solutions Group Price Performance

HLX opened at $7.83 on Wednesday. Helix Energy Solutions Group, Inc. has a 1 year low of $7.56 and a 1 year high of $13.05. The stock has a 50-day moving average price of $8.50 and a 200-day moving average price of $9.57. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a market cap of $1.18 billion, a PE ratio of 195.67 and a beta of 2.41.

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Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.04. The business had revenue of $355.13 million during the quarter, compared to the consensus estimate of $311.66 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. Sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.

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