Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Glenorchy Capital Ltd

Glenorchy Capital Ltd trimmed its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,237 shares of the oil and gas company’s stock after selling 8,314 shares during the period. Glenorchy Capital Ltd’s holdings in Helix Energy Solutions Group were worth $1,810,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLX. Gate City Capital Management LLC purchased a new position in Helix Energy Solutions Group in the 4th quarter valued at about $17,639,000. Encompass Capital Advisors LLC lifted its stake in shares of Helix Energy Solutions Group by 66.2% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company’s stock worth $38,243,000 after acquiring an additional 1,634,764 shares in the last quarter. Deutsche Bank AG boosted its holdings in Helix Energy Solutions Group by 19.7% in the fourth quarter. Deutsche Bank AG now owns 234,299 shares of the oil and gas company’s stock valued at $2,184,000 after purchasing an additional 38,547 shares during the last quarter. EP Wealth Advisors LLC grew its stake in Helix Energy Solutions Group by 22.4% during the 4th quarter. EP Wealth Advisors LLC now owns 30,164 shares of the oil and gas company’s stock valued at $281,000 after purchasing an additional 5,527 shares in the last quarter. Finally, CoreCommodity Management LLC increased its holdings in Helix Energy Solutions Group by 1.4% during the 4th quarter. CoreCommodity Management LLC now owns 129,776 shares of the oil and gas company’s stock worth $1,210,000 after purchasing an additional 1,780 shares during the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Helix Energy Solutions Group Stock Performance

Shares of Helix Energy Solutions Group stock opened at $6.54 on Friday. 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 $5.66 and a 1 year high of $13.05. The firm’s 50-day simple moving average is $7.26 and its 200-day simple moving average is $8.56. The firm has a market cap of $991.01 million, a PE ratio of 163.54 and a beta of 1.69.

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

About Helix Energy Solutions Group

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.