Healthcare of Ontario Pension Plan Trust Fund Increases Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Healthcare of Ontario Pension Plan Trust Fund boosted its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 66.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 315,800 shares of the oil and gas company's stock after purchasing an additional 125,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.21% of Helix Energy Solutions Group worth $3,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in HLX. Vanguard Group Inc. boosted its stake in shares of Helix Energy Solutions Group by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company's stock valued at $144,897,000 after buying an additional 152,413 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Helix Energy Solutions Group by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 175,075 shares of the oil and gas company's stock worth $1,899,000 after purchasing an additional 6,871 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Helix Energy Solutions Group by 24.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company's stock worth $76,000 after purchasing an additional 1,236 shares during the period. CWM LLC increased its holdings in shares of Helix Energy Solutions Group by 10.4% in the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company's stock valued at $108,000 after purchasing an additional 850 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Helix Energy Solutions Group in the second quarter valued at about $411,000. Hedge funds and other institutional investors own 91.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HLX. Raymond James initiated coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a "strong-buy" rating and a $14.00 target price for the company. TD Cowen dropped their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, October 25th. BTIG Research downgraded Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a research report on Thursday, October 24th. Finally, StockNews.com cut Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research report on Tuesday, November 26th.

Insider Transactions at Helix Energy Solutions Group

In related news, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. This represents a 3.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.37% of the company's stock.

Helix Energy Solutions Group Price Performance

Shares of Helix Energy Solutions Group stock traded down $0.11 during trading on Friday, hitting $10.69. 515,430 shares of the company were exchanged, compared to its average volume of 1,455,766. The firm has a 50 day moving average price of $10.32 and a 200 day moving average price of $10.80. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 267.32 and a beta of 2.43. 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 fifty-two week low of $8.82 and a fifty-two week high of $13.05.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $342.42 million for the quarter, compared to the consensus estimate of $354.74 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. During the same period in the prior year, the business earned $0.19 earnings per share. On average, equities analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

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.