Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 74.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,314,924 shares of the oil and gas company's stock after acquiring an additional 985,101 shares during the quarter. Assenagon Asset Management S.A. owned approximately 1.52% of Helix Energy Solutions Group worth $27,640,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at about $44,000. Pineridge Advisors LLC bought a new stake in shares of Helix Energy Solutions Group during the 4th quarter valued at about $54,000. Lindbrook Capital LLC boosted its stake in shares of Helix Energy Solutions Group by 1,037.6% during the 1st quarter. Lindbrook Capital LLC now owns 5,563 shares of the oil and gas company's stock valued at $60,000 after purchasing an additional 5,074 shares in the last quarter. CWM LLC boosted its stake in shares of Helix Energy Solutions Group by 10.4% during 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, Counterpoint Mutual Funds LLC bought a new stake in shares of Helix Energy Solutions Group during the 1st quarter valued at about $135,000. Hedge funds and other institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Trading Up 1.8 %

Shares of HLX traded up $0.19 during trading hours on Friday, reaching $10.76. 938,003 shares of the company traded hands, compared to its average volume of 1,773,226. The company's fifty day moving average price is $11.38 and its two-hundred day moving average price is $10.84. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -51.24 and a beta of 2.45. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. Helix Energy Solutions Group, Inc. has a 12 month low of $8.82 and a 12 month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The business had revenue of $364.80 million for the quarter, compared to analyst estimates of $353.19 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Owen E. Kratz sold 141,879 shares of the business's stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $11.83, for a total transaction of $1,678,428.57. Following the sale, the chief executive officer now owns 7,643,646 shares of the company's stock, valued at $90,424,332.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Helix Energy Solutions Group news, Director Diana Glassman sold 2,864 shares of Helix Energy Solutions Group stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $10.49, for a total value of $30,043.36. Following the completion of the transaction, the director now directly owns 42,133 shares of the company's stock, valued at $441,975.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Owen E. Kratz sold 141,879 shares of Helix Energy Solutions Group stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $11.83, for a total transaction of $1,678,428.57. Following the completion of the transaction, the chief executive officer now directly owns 7,643,646 shares of the company's stock, valued at $90,424,332.18. The disclosure for this sale can be found here. Insiders have sold 152,264 shares of company stock valued at $1,795,264 over the last quarter. Corporate insiders own 6.37% of the company's stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen lifted their target price on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Tuesday, June 25th.

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.