GMT Capital Corp lessened its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 12.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,169,223 shares of the oil and gas company’s stock after selling 1,039,800 shares during the quarter. Helix Energy Solutions Group comprises 1.1% of GMT Capital Corp’s portfolio, making the stock its 28th biggest holding. GMT Capital Corp owned approximately 4.85% of Helix Energy Solutions Group worth $52,981,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank grew its holdings in Helix Energy Solutions Group by 3.8% during the 2nd quarter. Amalgamated Bank now owns 18,427 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 683 shares in the last quarter. Green Square Capital LLC grew its holdings in Helix Energy Solutions Group by 1.7% during the 2nd quarter. Green Square Capital LLC now owns 21,392 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 359 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in Helix Energy Solutions Group during the 1st quarter valued at approximately $129,000. GSA Capital Partners LLP purchased a new position in Helix Energy Solutions Group during the 2nd quarter valued at approximately $151,000. Finally, State of Alaska Department of Revenue grew its holdings in Helix Energy Solutions Group by 77.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 26,960 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 11,800 shares in the last quarter. Institutional investors and hedge funds own 86.31% of the company’s stock.

Several research firms have weighed in on HLX. Cowen Inc restated a “buy” rating and set a $9.00 price target on shares of Helix Energy Solutions Group in a report on Friday, September 1st. BidaskClub lowered Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Piper Jaffray Companies lowered Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $7.00 to $7.30 in a research note on Wednesday, September 27th. Finally, Bank of America Corporation began coverage on Helix Energy Solutions Group in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $7.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Helix Energy Solutions Group presently has a consensus rating of “Hold” and a consensus target price of $8.55.

In related news, Director Nancy K. Quinn sold 11,268 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $7.44, for a total transaction of $83,833.92. Following the completion of the sale, the director now directly owns 104,107 shares of the company’s stock, valued at approximately $774,556.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anthony Tripodo sold 6,466 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $6.92, for a total value of $44,744.72. Following the sale, the executive vice president now directly owns 318,937 shares of the company’s stock, valued at $2,207,044.04. The disclosure for this sale can be found here. Insiders sold a total of 27,734 shares of company stock valued at $196,079 over the last ninety days. Corporate insiders own 5.70% of the company’s stock.

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Helix Energy Solutions Group, Inc. (HLX) traded up $0.13 during trading hours on Friday, hitting $6.98. The stock had a trading volume of 876,900 shares, compared to its average volume of 2,045,071. Helix Energy Solutions Group, Inc. has a 1-year low of $4.82 and a 1-year high of $11.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.02 and a quick ratio of 2.02.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $163.30 million during the quarter, compared to analyst estimates of $168.97 million. Helix Energy Solutions Group had a negative return on equity of 1.80% and a negative net margin of 13.72%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. research analysts expect that Helix Energy Solutions Group, Inc. will post -0.14 EPS for the current fiscal year.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

Institutional Ownership by Quarter for Helix Energy Solutions Group (NYSE:HLX)

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