Van ECK Associates Corp Sells 314,808 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Van ECK Associates Corp cut its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 12.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,158,039 shares of the oil and gas company's stock after selling 314,808 shares during the period. Van ECK Associates Corp owned 1.42% of Helix Energy Solutions Group worth $23,954,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HLX. CWM LLC lifted its position 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 in the last quarter. Diversified Trust Co lifted its position in shares of Helix Energy Solutions Group by 2.1% during the third 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 in the last quarter. Arizona State Retirement System lifted its position in shares of Helix Energy Solutions Group by 3.0% during the second 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 in the last quarter. GAMMA Investing LLC lifted its position 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 in the last quarter. Finally, Bleakley Financial Group LLC lifted its position in shares of Helix Energy Solutions Group by 10.2% during the first quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company's stock worth $163,000 after purchasing an additional 1,391 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Trading Up 1.6 %

Shares of HLX traded up $0.15 on Tuesday, reaching $9.37. 2,306,753 shares of the company's stock were exchanged, compared to its average volume of 1,833,864. Helix Energy Solutions Group, Inc. has a 12 month low of $8.82 and a 12 month high of $13.05. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.43 billion, a P/E ratio of 234.31 and a beta of 2.43. The business has a 50 day moving average price of $10.17 and a two-hundred day moving average price of $10.87.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $342.42 million during the quarter, compared to the consensus estimate of $354.74 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Insider Buying and Selling at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the company's stock in a transaction that occurred on 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 approximately $85,488,571.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HLX. TD Cowen reduced their target price on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. StockNews.com raised shares of Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a research note on Saturday. BTIG Research downgraded shares of Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a research note on Thursday, October 24th. Finally, Raymond James started coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They set a "strong-buy" rating and a $14.00 price target for the company.

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.