Acuitas Investments LLC Sells 82,477 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Acuitas Investments LLC lessened its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 31.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 176,224 shares of the oil and gas company's stock after selling 82,477 shares during the period. Acuitas Investments LLC owned about 0.12% of Helix Energy Solutions Group worth $2,104,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HLX. Pineridge Advisors LLC acquired a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $54,000. Lindbrook Capital LLC raised its stake in Helix Energy Solutions Group by 1,037.6% in the first quarter. Lindbrook Capital LLC now owns 5,563 shares of the oil and gas company's stock valued at $60,000 after buying an additional 5,074 shares during the period. GAMMA Investing LLC increased its stake in shares of Helix Energy Solutions Group by 24.0% during the second 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 stake in shares of Helix Energy Solutions Group by 10.4% during the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company's stock worth $108,000 after purchasing an additional 850 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new position in Helix Energy Solutions Group during the 1st quarter worth $135,000. Institutional investors and hedge funds own 91.33% of the company's stock.

Insiders Place Their Bets

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 stock was sold at an average price of $10.49, for a total transaction of $30,043.36. Following the transaction, the director now directly owns 42,133 shares of the company's stock, valued at approximately $441,975.17. The sale was disclosed in a document filed 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 Price Performance

Shares of NYSE HLX traded down $0.40 during mid-day trading on Friday, hitting $9.75. 1,531,631 shares of the stock traded hands, compared to its average volume of 1,728,291. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 2.08. 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 market cap of $1.49 billion, a PE ratio of -46.43 and a beta of 2.45. The firm has a 50 day simple moving average of $11.35 and a two-hundred day simple moving average of $10.97.

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

Wall Street Analyst Weigh In

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

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.