Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC trimmed its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 20.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 235,258 shares of the oil and gas company’s stock after selling 60,500 shares during the quarter. First Eagle Investment Management LLC’s holdings in Helix Energy Solutions Group were worth $2,193,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HLX. Assetmark Inc. acquired a new position in Helix Energy Solutions Group in the 3rd quarter valued at about $33,000. Smartleaf Asset Management LLC grew its holdings in shares of Helix Energy Solutions Group by 143.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company’s stock worth $45,000 after buying an additional 2,902 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in shares of Helix Energy Solutions Group in the third quarter valued at approximately $61,000. KBC Group NV boosted its position in Helix Energy Solutions Group by 61.8% during the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock worth $85,000 after acquiring an additional 3,491 shares during the last quarter. Finally, Vontobel Holding Ltd. purchased a new stake in Helix Energy Solutions Group in the 4th quarter worth approximately $93,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Trading Up 0.4 %

Shares of HLX stock opened at $7.91 on Monday. The firm’s 50-day simple moving average is $8.37 and its 200-day simple moving average is $9.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. Helix Energy Solutions Group, Inc. has a 1-year low of $7.56 and a 1-year high of $13.05. The firm has a market cap of $1.19 billion, a P/E ratio of 197.67 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Monday, February 24th. The oil and gas company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The company had revenue of $355.13 million for the quarter, compared to the consensus estimate of $311.66 million. As a group, equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling

In related news, EVP Kenneth English Neikirk sold 83,991 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.17, for a total transaction of $770,197.47. Following the completion of the sale, the executive vice president now owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. This represents a 44.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

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.