Squarepoint Ops LLC Sells 66,361 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Squarepoint Ops LLC lessened its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 29.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 160,803 shares of the oil and gas company’s stock after selling 66,361 shares during the period. Squarepoint Ops LLC owned about 0.11% of Helix Energy Solutions Group worth $1,499,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HLX. Balyasny Asset Management L.P. increased its holdings in Helix Energy Solutions Group by 356.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company’s stock valued at $23,017,000 after purchasing an additional 1,928,691 shares during the period. Gate City Capital Management LLC purchased a new position in Helix Energy Solutions Group during the 4th quarter valued at about $17,639,000. Encompass Capital Advisors LLC increased its holdings in Helix Energy Solutions Group by 66.2% during the 4th quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company’s stock valued at $38,243,000 after purchasing an additional 1,634,764 shares during the period. Bridgeway Capital Management LLC increased its holdings in Helix Energy Solutions Group by 738.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 998,485 shares of the oil and gas company’s stock valued at $9,306,000 after purchasing an additional 879,437 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Helix Energy Solutions Group during the 4th quarter valued at about $6,070,000. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Price Performance

Shares of HLX stock opened at $6.19 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The stock has a market cap of $937.97 million, a price-to-earnings ratio of 154.79 and a beta of 1.69. The business’s fifty day moving average is $6.72 and its 200 day moving average is $8.23. Helix Energy Solutions Group, Inc. has a twelve month low of $5.66 and a twelve month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.07. The company had revenue of $278.06 million for the quarter, compared to the consensus estimate of $285.06 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. Research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Raymond James downgraded Helix Energy Solutions Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $14.00 to $10.00 in a report on Friday, April 25th.

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.