UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 5.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 320,269 shares of the oil and gas company’s stock after selling 17,380 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Helix Energy Solutions Group were worth $3,555,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HLX. Assetmark Inc. purchased a new position in shares of Helix Energy Solutions Group during the third quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Helix Energy Solutions Group during the second quarter worth about $45,000. GAMMA Investing LLC boosted its stake in shares of Helix Energy Solutions Group by 21.1% during 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 period. CWM LLC boosted its stake 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 buying an additional 850 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of Helix Energy Solutions Group during the third quarter worth about $157,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

Shares of Helix Energy Solutions Group stock opened at $9.63 on Friday. The firm has a market cap of $1.46 billion, a PE ratio of 240.75 and a beta of 2.45. The firm’s 50-day simple moving average is $10.23 and its 200-day simple moving average is $10.73. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. Helix Energy Solutions Group, Inc. has a 1 year low of $8.91 and a 1 year high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. During the same period last year, the firm posted $0.19 earnings per share. Equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on HLX shares. Raymond James started 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 shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. BTIG Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Finally, TD Cowen lowered their target price on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 25th.

Insider Buying and Selling

In related news, Director Diana Glassman sold 16,000 shares of the firm’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 completion of the sale, the director now directly owns 26,133 shares in the company, valued at approximately $259,762.02. This trade represents a 37.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Owen E. Kratz sold 298,419 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was 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 owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. The trade was a 3.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 484,419 shares of company stock worth $5,394,094. Corporate insiders own 6.37% of the company’s stock.

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.