CenterBook Partners LP Sells 219,964 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

CenterBook Partners LP trimmed its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 21.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 795,688 shares of the oil and gas company's stock after selling 219,964 shares during the quarter. CenterBook Partners LP owned about 0.53% of Helix Energy Solutions Group worth $6,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in Helix Energy Solutions Group by 0.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 202,488 shares of the oil and gas company's stock valued at $1,683,000 after purchasing an additional 1,721 shares in the last quarter. CoreCommodity Management LLC raised its stake in Helix Energy Solutions Group by 1.4% during the 4th quarter. CoreCommodity Management LLC now owns 129,776 shares of the oil and gas company's stock worth $1,210,000 after acquiring an additional 1,780 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Helix Energy Solutions Group by 6.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 33,553 shares of the oil and gas company's stock worth $313,000 after buying an additional 1,950 shares in the last quarter. MetLife Investment Management LLC increased its position in Helix Energy Solutions Group by 2.4% in the fourth quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company's stock worth $795,000 after purchasing an additional 1,995 shares during the last quarter. Finally, Pacific Global Investment Management Co. increased its position in Helix Energy Solutions Group by 0.5% in the first quarter. Pacific Global Investment Management Co. now owns 414,733 shares of the oil and gas company's stock worth $3,446,000 after purchasing an additional 2,007 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Helix Energy Solutions Group Stock Down 3.1%

NYSE:HLX opened at $6.35 on Tuesday. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.66 and a fifty-two week high of $13.05. The stock has a market capitalization of $961.46 million, a P/E ratio of 11.54 and a beta of 1.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.28 and a current ratio of 2.28. The company's 50-day simple moving average is $6.59 and its 200-day simple moving average is $7.49.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.07. The company had revenue of $278.06 million during the quarter, compared to analysts' expectations of $285.06 million. Helix Energy Solutions Group had a net margin of 6.34% and a return on equity of 5.54%. On average, equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 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.

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