State Street Corp lowered its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,438,527 shares of the oil and gas company’s stock after selling 17,371 shares during the period. State Street Corp owned 3.01% of Helix Energy Solutions Group worth $25,029,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in HLX. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Helix Energy Solutions Group during the 2nd quarter worth approximately $298,000. Macquarie Group Ltd. increased its holdings in shares of Helix Energy Solutions Group by 9.3% during the 2nd quarter. Macquarie Group Ltd. now owns 3,585,430 shares of the oil and gas company’s stock worth $20,222,000 after acquiring an additional 304,681 shares during the last quarter. Key Group Holdings Cayman LTD. acquired a new position in shares of Helix Energy Solutions Group during the 2nd quarter worth approximately $9,130,000. Tudor Investment Corp ET AL increased its holdings in shares of Helix Energy Solutions Group by 127.1% during the 2nd quarter. Tudor Investment Corp ET AL now owns 37,686 shares of the oil and gas company’s stock worth $213,000 after acquiring an additional 21,091 shares during the last quarter. Finally, GMT Capital Corp increased its holdings in shares of Helix Energy Solutions Group by 10.5% during the 2nd quarter. GMT Capital Corp now owns 8,209,023 shares of the oil and gas company’s stock worth $42,441,000 after acquiring an additional 777,000 shares during the last quarter. Institutional investors own 87.13% of the company’s stock.

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A number of research analysts recently weighed in on the company. Piper Jaffray Companies reissued a “hold” rating on shares of Helix Energy Solutions Group in a report on Friday, October 27th. Zacks Investment Research lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Capital One Financial Corporation reissued an “overweight” rating on shares of Helix Energy Solutions Group in a report on Tuesday, October 10th. Cowen and Company set a $9.00 target price on Helix Energy Solutions Group and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, Bank of America Corporation assumed coverage on Helix Energy Solutions Group in a report on Tuesday, September 5th. They set a “neutral” rating and a $7.00 target price on the stock. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $9.33.

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 10,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $6.75, for a total value of $67,500.00. Following the transaction, the chief operating officer now directly owns 151,530 shares of the company’s stock, valued at approximately $1,022,827.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nancy K. Quinn sold 11,268 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $7.44, for a total value of $83,833.92. Following the completion of the transaction, the director now directly owns 104,107 shares in the company, valued at $774,556.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,734 shares of company stock worth $196,079. Insiders own 5.70% of the company’s stock.

Helix Energy Solutions Group, Inc. (NYSE:HLX) opened at $6.50 on Wednesday. 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, Inc. has a 1-year low of $4.82 and a 1-year high of $11.87.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Monday, October 23rd. The oil and gas company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. Helix Energy Solutions Group had a negative return on equity of 1.80% and a negative net margin of 13.72%. The firm had revenue of $163.30 million for the quarter, compared to analyst estimates of $168.97 million. During the same period in the prior year, the firm posted $0.10 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. research analysts predict that Helix Energy Solutions Group, Inc. will post -0.13 EPS for the current year.

Helix Energy Solutions Group 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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