Guinness Atkinson Asset Management Inc Has $306,000 Position in Helix Energy Solutions Group Inc (NYSE:HLX)

Guinness Atkinson Asset Management Inc lowered its stake in shares of Helix Energy Solutions Group Inc (NYSE:HLX) by 17.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,980 shares of the oil and gas company’s stock after selling 8,000 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Helix Energy Solutions Group were worth $306,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HLX. William Blair Investment Management LLC acquired a new stake in Helix Energy Solutions Group during the second quarter worth approximately $12,477,000. Nuveen Asset Management LLC acquired a new stake in shares of Helix Energy Solutions Group in the 2nd quarter valued at $9,105,000. Balyasny Asset Management LLC boosted its holdings in shares of Helix Energy Solutions Group by 1,459.4% in the 2nd quarter. Balyasny Asset Management LLC now owns 657,450 shares of the oil and gas company’s stock valued at $5,674,000 after purchasing an additional 615,289 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its holdings in shares of Helix Energy Solutions Group by 198.8% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 544,619 shares of the oil and gas company’s stock valued at $4,700,000 after purchasing an additional 362,379 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Helix Energy Solutions Group by 28,001.1% in the 2nd quarter. CWM LLC now owns 288,036 shares of the oil and gas company’s stock valued at $2,486,000 after purchasing an additional 287,011 shares in the last quarter. 94.51% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Erik Staffeldt sold 17,027 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $9.50, for a total value of $161,756.50. Following the completion of the transaction, the chief financial officer now directly owns 157,467 shares in the company, valued at approximately $1,495,936.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nancy K. Quinn sold 12,677 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $9.58, for a total value of $121,445.66. Following the completion of the transaction, the director now owns 104,466 shares of the company’s stock, valued at $1,000,784.28. The disclosure for this sale can be found here. Company insiders own 5.45% of the company’s stock.

A number of brokerages have weighed in on HLX. ValuEngine downgraded Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research downgraded Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a report on Friday. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $10.17.

Shares of HLX stock traded down $0.05 during trading hours on Monday, reaching $8.92. The company’s stock had a trading volume of 38,566 shares, compared to its average volume of 1,254,106. The firm’s 50 day simple moving average is $8.31 and its 200-day simple moving average is $7.93. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 47.00 and a beta of 2.80. Helix Energy Solutions Group Inc has a fifty-two week low of $5.05 and a fifty-two week high of $9.85. The company has a quick ratio of 1.47, a current ratio of 1.64 and a debt-to-equity ratio of 0.28.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Monday, October 21st. The oil and gas company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.05. The firm had revenue of $212.61 million for the quarter, compared to the consensus estimate of $211.72 million. Helix Energy Solutions Group had a return on equity of 2.20% and a net margin of 4.88%. The company’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. Sell-side analysts predict that Helix Energy Solutions Group Inc will post 0.34 earnings per share for the current year.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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

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