Bank of America Corp DE Sells 195,706 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Bank of America Corp DE reduced its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 47.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 214,374 shares of the oil and gas company's stock after selling 195,706 shares during the quarter. Bank of America Corp DE owned about 0.14% of Helix Energy Solutions Group worth $1,998,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP increased its holdings in Helix Energy Solutions Group by 79.8% in the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 2,120 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Helix Energy Solutions Group by 143.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 2,902 shares in the last quarter. KBC Group NV increased its holdings in Helix Energy Solutions Group by 61.8% in the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock worth $85,000 after purchasing an additional 3,491 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in Helix Energy Solutions Group in the fourth quarter worth approximately $93,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Helix Energy Solutions Group in the fourth quarter worth approximately $99,000. 91.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Raymond James downgraded Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $14.00 to $10.00 in a report on Friday, April 25th.

Helix Energy Solutions Group Price Performance

HLX traded down $0.18 during trading on Wednesday, reaching $6.53. 1,095,413 shares of the company were exchanged, compared to its average volume of 1,851,973. The company's 50-day moving average is $6.63 and its two-hundred day moving average is $8.16. The company has a market cap of $989.49 million, a price-to-earnings ratio of 163.29 and a beta of 1.69. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 12-month low of $5.66 and a 12-month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.07. The business 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%. Research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Helix Energy Solutions Group 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.