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

Assenagon Asset Management S.A. reduced its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 11.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,050,063 shares of the oil and gas company's stock after selling 264,861 shares during the period. Assenagon Asset Management S.A. owned approximately 1.34% of Helix Energy Solutions Group worth $22,756,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Helix Energy Solutions Group by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company's stock valued at $144,897,000 after acquiring an additional 152,413 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Helix Energy Solutions Group by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company's stock worth $131,559,000 after purchasing an additional 254,880 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Helix Energy Solutions Group in the second quarter worth about $81,862,000. American Century Companies Inc. increased its holdings in Helix Energy Solutions Group by 24.9% in the second quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company's stock valued at $40,756,000 after buying an additional 680,635 shares during the last quarter. Finally, Encompass Capital Advisors LLC raised its stake in Helix Energy Solutions Group by 2.4% during the second quarter. Encompass Capital Advisors LLC now owns 2,124,306 shares of the oil and gas company's stock valued at $25,364,000 after buying an additional 50,570 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Helix Energy Solutions Group

In related 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 value of $3,557,154.48. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.37% of the stock is owned by company insiders.

Helix Energy Solutions Group Stock Performance

Shares of HLX traded up $0.09 during midday trading on Friday, hitting $9.34. 2,485,150 shares of the stock traded hands, compared to its average volume of 1,831,553. The business's 50 day moving average price is $10.38 and its two-hundred day moving average price is $10.97. The firm has a market capitalization of $1.42 billion, a PE ratio of -44.48 and a beta of 2.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08. Helix Energy Solutions Group, Inc. has a 1-year low of $8.82 and a 1-year high of $13.05.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The firm had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. During the same period in the previous year, the business posted $0.19 EPS. Equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Raymond James initiated coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a "strong-buy" rating and a $14.00 price target on the stock. BTIG Research cut shares of Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a report on Thursday. StockNews.com lowered shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a report on Friday. Finally, TD Cowen dropped their price objective on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday.

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.