Intech Investment Management LLC Has $1.53 Million Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Intech Investment Management LLC boosted its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 247.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 163,815 shares of the oil and gas company's stock after purchasing an additional 116,647 shares during the quarter. Intech Investment Management LLC owned about 0.11% of Helix Energy Solutions Group worth $1,527,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HLX. State Street Corp increased its stake in shares of Helix Energy Solutions Group by 3.8% in the third quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company's stock valued at $73,973,000 after purchasing an additional 246,577 shares during the period. Pacer Advisors Inc. increased its position in Helix Energy Solutions Group by 16.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company's stock valued at $61,016,000 after acquiring an additional 923,477 shares during the period. Geode Capital Management LLC increased its position in Helix Energy Solutions Group by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company's stock valued at $36,492,000 after acquiring an additional 25,432 shares during the period. Systematic Financial Management LP boosted its position in Helix Energy Solutions Group by 10.5% during the 3rd quarter. Systematic Financial Management LP now owns 2,480,765 shares of the oil and gas company's stock worth $27,536,000 after acquiring an additional 236,222 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Helix Energy Solutions Group by 18.3% during the 4th quarter. Principal Financial Group Inc. now owns 2,443,203 shares of the oil and gas company's stock worth $22,771,000 after acquiring an additional 378,394 shares during the period. 91.33% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, EVP Kenneth English Neikirk sold 83,991 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.17, for a total transaction of $770,197.47. Following the completion of the sale, the executive vice president now directly owns 104,549 shares in the company, valued at approximately $958,714.33. This trade represents a 44.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Helix Energy Solutions Group Price Performance

NYSE:HLX traded up $0.23 during midday trading on Wednesday, hitting $8.84. 2,327,494 shares of the stock were exchanged, compared to its average volume of 1,671,619. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 220.93 and a beta of 2.41. 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, Inc. has a one year low of $7.56 and a one year high of $13.05. The business has a 50-day moving average price of $8.30 and a two-hundred day moving average price of $9.37.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The oil and gas company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.04. The company had revenue of $355.13 million for 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 EPS for the current 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.