Fisher Asset Management LLC Sells 102,045 Shares of Helix Energy Solutions Group, Inc. $HLX

Fisher Asset Management LLC reduced its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 4.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,422,905 shares of the oil and gas company’s stock after selling 102,045 shares during the quarter. Fisher Asset Management LLC’s holdings in Helix Energy Solutions Group were worth $15,119,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HLX. Cetera Investment Advisers bought a new position in Helix Energy Solutions Group during the first quarter valued at $425,000. Charles Schwab Investment Management Inc. lifted its position in shares of Helix Energy Solutions Group by 6.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,338,193 shares of the oil and gas company’s stock valued at $19,430,000 after buying an additional 148,834 shares during the last quarter. Graham Capital Management L.P. bought a new position in shares of Helix Energy Solutions Group during the 1st quarter worth $2,038,000. Hsbc Holdings PLC increased its holdings in Helix Energy Solutions Group by 84.8% in the 1st quarter. Hsbc Holdings PLC now owns 35,932 shares of the oil and gas company’s stock worth $302,000 after acquiring an additional 16,486 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Helix Energy Solutions Group by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 5,168,485 shares of the oil and gas company’s stock valued at $32,251,000 after acquiring an additional 138,374 shares during the period. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Insider Buying and Selling

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 40,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $6.88, for a total value of $275,200.00. Following the transaction, the chief operating officer directly owned 301,042 shares in the company, valued at $2,071,168.96. This represents a 11.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.37% of the stock is currently owned by insiders.

Helix Energy Solutions Group Stock Performance

Helix Energy Solutions Group stock opened at $7.30 on Thursday. The firm’s 50 day simple moving average is $6.62 and its 200 day simple moving average is $6.46. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 1-year low of $5.52 and a 1-year high of $10.80. The firm has a market capitalization of $1.07 billion, a PE ratio of 26.05 and a beta of 1.26.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $376.96 million during the quarter, compared to analyst estimates of $361.93 million. Helix Energy Solutions Group had a net margin of 3.25% and a return on equity of 2.75%. Helix Energy Solutions Group’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Zacks Research raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Cowen reiterated a “buy” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 24th. TD Cowen increased their target price on Helix Energy Solutions Group from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Helix Energy Solutions Group in a research report on Monday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.50.

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.