Pacer Advisors Inc. Purchases 923,477 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Pacer Advisors Inc. boosted its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,546,820 shares of the oil and gas company's stock after buying an additional 923,477 shares during the period. Pacer Advisors Inc. owned approximately 4.30% of Helix Energy Solutions Group worth $61,016,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. bought a new position in shares of Helix Energy Solutions Group during the third quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Helix Energy Solutions Group during the 2nd quarter valued at about $45,000. Millburn Ridgefield Corp bought a new stake in Helix Energy Solutions Group during the 3rd quarter valued at about $61,000. GAMMA Investing LLC raised its holdings in Helix Energy Solutions Group by 21.1% in the third quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company's stock worth $86,000 after buying an additional 1,343 shares during the last quarter. Finally, KBC Group NV raised its holdings in Helix Energy Solutions Group by 61.8% in the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock worth $85,000 after buying an additional 3,491 shares during the last quarter. Hedge funds and other institutional investors own 91.33% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on HLX. TD Cowen cut their price target on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, October 25th. BTIG Research downgraded Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a research note on Thursday, October 24th. Finally, StockNews.com upgraded Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a research note on Wednesday, December 4th.

Insider Buying and Selling at Helix Energy Solutions Group

In other news, EVP Kenneth English Neikirk sold 83,991 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.17, for a total value of $770,197.47. Following the transaction, the executive vice president now owns 104,549 shares in the company, valued at $958,714.33. This represents a 44.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Diana Glassman sold 16,000 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total transaction of $159,040.00. Following the sale, the director now owns 26,133 shares of the company's stock, valued at $259,762.02. This trade represents a 37.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 269,991 shares of company stock worth $2,607,137. Insiders own 6.37% of the company's stock.

Helix Energy Solutions Group Stock Performance

Shares of HLX traded down $0.16 during mid-day trading on Friday, hitting $8.00. 881,704 shares of the company traded hands, compared to its average volume of 1,377,119. Helix Energy Solutions Group, Inc. has a 1 year low of $7.98 and a 1 year high of $13.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a 50-day moving average price of $9.45 and a two-hundred day moving average price of $10.19. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 200.05 and a beta of 2.46.

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.