First Eagle Investment Management LLC Has $2.19 Million Stock Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

First Eagle Investment Management LLC lessened its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 20.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 235,258 shares of the oil and gas company's stock after selling 60,500 shares during the period. First Eagle Investment Management LLC owned approximately 0.15% of Helix Energy Solutions Group worth $2,193,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HLX. Assetmark Inc. acquired a new position in shares of Helix Energy Solutions Group during the 3rd quarter worth about $33,000. Smartleaf Asset Management LLC lifted its position in shares of Helix Energy Solutions Group by 143.1% during the 4th 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 bought a new position in Helix Energy Solutions Group during the third quarter valued at about $61,000. KBC Group NV increased its stake in 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 acquiring an additional 3,491 shares during the period. Finally, Vontobel Holding Ltd. bought a new position in Helix Energy Solutions Group during the fourth quarter valued at about $93,000. Institutional investors and hedge funds own 91.33% of the company's stock.

Wall Street Analyst Weigh In

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

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Insider Activity

In related news, EVP Kenneth English Neikirk sold 83,991 shares of the 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 sale, the executive vice president now directly owns 104,549 shares in the company, valued at $958,714.33. This represents a 44.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.37% of the company's stock.

Helix Energy Solutions Group Stock Performance

HLX traded down $0.07 on Thursday, hitting $8.63. 1,255,095 shares of the stock traded hands, compared to its average volume of 1,640,696. Helix Energy Solutions Group, Inc. has a 52 week low of $7.56 and a 52 week high of $13.05. The firm has a market capitalization of $1.30 billion, a PE ratio of 215.68 and a beta of 2.41. The business has a fifty day moving average price of $8.32 and a two-hundred day moving average price of $9.43. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The oil and gas company reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $355.13 million for the quarter, compared to analyst estimates of $311.66 million. On average, research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

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.