Louisiana State Employees Retirement System Sells 3,000 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Louisiana State Employees Retirement System cut its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,100 shares of the oil and gas company’s stock after selling 3,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Helix Energy Solutions Group were worth $767,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Helix Energy Solutions Group during the 2nd quarter worth approximately $45,000. GAMMA Investing LLC increased its stake in Helix Energy Solutions Group by 24.0% in 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 during the period. 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 during the last quarter. Bleakley Financial Group LLC grew 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 worth $163,000 after purchasing an additional 1,391 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in Helix Energy Solutions Group in the 2nd quarter worth about $184,000. 91.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HLX shares. Raymond James began coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective for the company. StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday. BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. Finally, TD Cowen decreased their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 25th.

Helix Energy Solutions Group Stock Up 0.4 %

NYSE:HLX opened at $9.22 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a twelve month low of $8.82 and a twelve month high of $13.05. The company has a market cap of $1.40 billion, a PE ratio of 230.50 and a beta of 2.43. The company’s 50 day moving average is $10.25 and its two-hundred day moving average is $10.89.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data 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 business had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. During the same period in the previous year, the business posted $0.19 EPS. Analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Owen E. Kratz sold 298,419 shares of the 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 sale, the chief executive officer now directly 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. Insiders own 6.37% of the company’s stock.

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.