GAMMA Investing LLC Has $86,000 Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

GAMMA Investing LLC boosted its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 21.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,722 shares of the oil and gas company’s stock after buying an additional 1,343 shares during the quarter. GAMMA Investing LLC’s holdings in Helix Energy Solutions Group were worth $86,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HLX. SG Americas Securities LLC lifted its position in Helix Energy Solutions Group by 126.3% during the 3rd quarter. SG Americas Securities LLC now owns 77,923 shares of the oil and gas company’s stock worth $865,000 after acquiring an additional 43,495 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Helix Energy Solutions Group during the 2nd quarter valued at approximately $2,269,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Helix Energy Solutions Group in the 2nd quarter worth approximately $45,000. Doheny Asset Management CA lifted its holdings in shares of Helix Energy Solutions Group by 1.8% during the second quarter. Doheny Asset Management CA now owns 164,584 shares of the oil and gas company’s stock worth $1,965,000 after buying an additional 2,964 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Helix Energy Solutions Group by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 74,081 shares of the oil and gas company’s stock valued at $885,000 after acquiring an additional 3,559 shares during the period. 91.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on HLX. 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 target price on the stock. TD Cowen upped their target price on Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th.

Helix Energy Solutions Group Trading Down 1.4 %

Shares of HLX opened at $10.58 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $10.47 and a 200-day simple moving average of $11.07. Helix Energy Solutions Group, Inc. has a 1 year low of $8.82 and a 1 year high of $13.05. The stock has a market cap of $1.61 billion, a PE ratio of -50.36 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $364.80 million for the quarter, compared to analyst estimates of $353.19 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 earned $0.11 earnings per share. On average, sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the transaction, the chief executive officer now owns 7,171,860 shares of the company’s stock, valued at approximately $85,488,571.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.37% of the stock is owned by corporate insiders.

About Helix Energy Solutions Group

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.