Bank of New York Mellon Corp Cuts Stock Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Bank of New York Mellon Corp lessened its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 4.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 870,453 shares of the oil and gas company's stock after selling 44,605 shares during the quarter. Bank of New York Mellon Corp owned 0.57% of Helix Energy Solutions Group worth $7,233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new position in Helix Energy Solutions Group during the fourth quarter worth $34,000. Quarry LP grew its stake in Helix Energy Solutions Group by 79.8% during the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock worth $45,000 after buying an additional 2,120 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $99,000. Quantinno Capital Management LP acquired a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $110,000. Finally, Xponance Inc. bought a new position in Helix Energy Solutions Group in the 4th quarter valued at approximately $114,000. Institutional investors and hedge funds own 91.33% of the company's stock.

Helix Energy Solutions Group Trading Up 1.3%

Helix Energy Solutions Group stock traded up $0.08 during mid-day trading on Friday, hitting $6.07. 1,068,602 shares of the stock were exchanged, compared to its average volume of 1,820,386. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.20. Helix Energy Solutions Group, Inc. has a 12 month low of $5.52 and a 12 month high of $12.89. The firm's fifty day simple moving average is $6.54 and its two-hundred day simple moving average is $7.33. The stock has a market capitalization of $919.03 million, a price-to-earnings ratio of 18.95 and a beta of 1.57.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). The company had revenue of $302.29 million during the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.24%. Analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial reiterated an "outperform" rating and issued a $9.00 price objective (down previously from $10.00) on shares of Helix Energy Solutions Group in a report on Friday.

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.