Nuveen Asset Management LLC Trims Stock Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Nuveen Asset Management LLC lowered its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 49.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 724,596 shares of the oil and gas company's stock after selling 702,571 shares during the period. Nuveen Asset Management LLC owned 0.48% of Helix Energy Solutions Group worth $6,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Helix Energy Solutions Group by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company's stock worth $130,941,000 after acquiring an additional 343,673 shares in the last quarter. American Century Companies Inc. increased its position in Helix Energy Solutions Group by 10.2% during the 4th quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company's stock valued at $44,056,000 after purchasing an additional 437,814 shares during the period. Encompass Capital Advisors LLC lifted its holdings in Helix Energy Solutions Group by 66.2% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock valued at $38,243,000 after buying an additional 1,634,764 shares during the period. Wellington Management Group LLP lifted its stake in shares of Helix Energy Solutions Group by 13.7% in the 4th quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock valued at $30,590,000 after purchasing an additional 396,666 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Helix Energy Solutions Group by 356.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company's stock worth $23,017,000 after buying an additional 1,928,691 shares in the last quarter. Institutional investors own 91.33% of the company's stock.

Analysts Set New Price Targets

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

Helix Energy Solutions Group Price Performance

Shares of Helix Energy Solutions Group stock traded up $0.45 during trading on Tuesday, hitting $6.71. 1,395,989 shares of the stock traded hands, compared to its average volume of 1,854,999. Helix Energy Solutions Group, Inc. has a 52 week low of $5.66 and a 52 week high of $13.05. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 167.67 and a beta of 1.69. The firm's fifty day moving average is $6.63 and its 200-day moving average is $8.16. 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 (NYSE:HLX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.07. The company 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 expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS 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.