Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Glenorchy Capital Ltd

Glenorchy Capital Ltd cut its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 25.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,551 shares of the oil and gas company's stock after selling 68,729 shares during the quarter. Helix Energy Solutions Group accounts for 0.7% of Glenorchy Capital Ltd's holdings, making the stock its 25th largest holding. Glenorchy Capital Ltd owned approximately 0.13% of Helix Energy Solutions Group worth $2,248,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CWM LLC boosted its stake in Helix Energy Solutions Group by 10.4% in the second 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 in the last quarter. Diversified Trust Co boosted its stake in Helix Energy Solutions Group by 2.1% during the 3rd quarter. Diversified Trust Co now owns 49,348 shares of the oil and gas company's stock worth $548,000 after purchasing an additional 1,005 shares during the period. Arizona State Retirement System grew its position in Helix Energy Solutions Group by 3.0% during the 2nd quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company's stock worth $484,000 after purchasing an additional 1,187 shares during the last quarter. GAMMA Investing LLC grew its position in Helix Energy Solutions Group by 24.0% during the 2nd 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 last quarter. Finally, Bleakley Financial Group LLC raised its holdings in shares of Helix Energy Solutions Group by 10.2% in the first quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company's stock valued at $163,000 after buying an additional 1,391 shares during the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Performance

NYSE:HLX traded down $0.27 during mid-day trading on Friday, reaching $10.17. The stock had a trading volume of 1,344,082 shares, compared to its average volume of 1,821,990. 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 business has a 50 day simple moving average of $10.47 and a 200 day simple moving average of $11.04. Helix Energy Solutions Group, Inc. has a twelve month low of $8.82 and a twelve month high of $13.05. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -48.43 and a beta of 2.41.

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 firm had revenue of $364.80 million during 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 period last year, the business posted $0.11 EPS. On average, analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Activity at Helix Energy Solutions Group

In other news, CEO Owen E. Kratz sold 298,419 shares of the company's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of the transaction, the chief executive officer now owns 7,171,860 shares of the company's stock, valued at $85,488,571.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on HLX. Raymond James began coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They issued a "strong-buy" rating and a $14.00 price target on the stock. TD Cowen lifted their price objective on shares of 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.

Helix Energy Solutions Group 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.