Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,941,340 shares of the oil and gas company’s stock after buying an additional 72,945 shares during the period. Fisher Asset Management LLC owned approximately 1.28% of Helix Energy Solutions Group worth $21,549,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in Helix Energy Solutions Group by 74.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock valued at $27,640,000 after acquiring an additional 985,101 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Helix Energy Solutions Group by 35.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 236,168 shares of the oil and gas company’s stock valued at $2,560,000 after purchasing an additional 61,963 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Helix Energy Solutions Group by 11.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company’s stock worth $11,829,000 after purchasing an additional 106,582 shares during the period. Semanteon Capital Management LP bought a new position in Helix Energy Solutions Group in the 3rd quarter valued at about $628,000. Finally, Caxton Associates LP grew its position in Helix Energy Solutions Group by 225.5% in the 2nd quarter. Caxton Associates LP now owns 94,860 shares of the oil and gas company’s stock valued at $1,133,000 after buying an additional 65,720 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the transaction, the chief executive officer now owns 7,171,860 shares in the company, valued at $85,488,571.20. This trade represents a 3.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HLX shares. BTIG Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Raymond James initiated coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 target price for the company. StockNews.com lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, TD Cowen dropped their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 25th.

Helix Energy Solutions Group Stock Performance

NYSE:HLX opened at $10.80 on Thursday. The company has a 50-day moving average of $10.28 and a 200-day moving average of $10.81. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 270.07 and a beta of 2.43. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a twelve month low of $8.82 and a twelve month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. During the same period last year, the firm posted $0.19 earnings per share. Analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Helix Energy Solutions Group Company 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.