Van ECK Associates Corp Lowers Stake in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Van ECK Associates Corp cut its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 7.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,472,847 shares of the oil and gas company's stock after selling 199,885 shares during the period. Van ECK Associates Corp owned 1.63% of Helix Energy Solutions Group worth $29,525,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in Helix Energy Solutions Group during the 4th quarter worth approximately $44,000. Pineridge Advisors LLC acquired a new position in shares of Helix Energy Solutions Group during the fourth quarter valued at about $54,000. Lindbrook Capital LLC grew its holdings in Helix Energy Solutions Group by 1,037.6% during the first quarter. Lindbrook Capital LLC now owns 5,563 shares of the oil and gas company's stock worth $60,000 after buying an additional 5,074 shares in the last quarter. CWM LLC grew its position 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 acquiring an additional 850 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new position in Helix Energy Solutions Group during the first quarter valued at approximately $135,000. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Trading Down 2.1 %

Shares of HLX stock traded down $0.24 on Friday, hitting $11.22. 1,217,645 shares of the stock traded hands, compared to its average volume of 1,164,447. The firm's 50-day moving average price is $11.46 and its two-hundred day moving average price is $10.97. Helix Energy Solutions Group, Inc. has a twelve month low of $8.82 and a twelve month high of $13.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market capitalization of $1.71 billion, a PE ratio of -53.43 and a beta of 2.45.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. The company had revenue of $364.80 million during the quarter, compared to the consensus estimate of $353.19 million. During the same quarter last year, the business posted $0.11 earnings per share.

Analyst Ratings Changes

Separately, TD Cowen increased their price objective on Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Tuesday, June 25th.

Insider Buying and Selling at Helix Energy Solutions Group

In other news, Director Diana Glassman sold 2,864 shares of Helix Energy Solutions Group stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $10.49, for a total value of $30,043.36. Following the completion of the sale, the director now directly owns 42,133 shares of the company's stock, valued at approximately $441,975.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.37% of the company's stock.

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.