Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 49.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 about 0.48% of Helix Energy Solutions Group worth $6,753,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HLX. Barclays PLC raised its position in shares of Helix Energy Solutions Group by 269.0% in the third quarter. Barclays PLC now owns 306,482 shares of the oil and gas company's stock valued at $3,402,000 after buying an additional 223,432 shares during the last quarter. KBC Group NV raised its position in shares of 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 valued at $85,000 after buying an additional 3,491 shares during the last quarter. Empowered Funds LLC raised its position in shares of Helix Energy Solutions Group by 352.3% in the fourth quarter. Empowered Funds LLC now owns 538,485 shares of the oil and gas company's stock valued at $5,019,000 after buying an additional 419,437 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Helix Energy Solutions Group by 7.9% in the fourth quarter. Van ECK Associates Corp now owns 2,327,582 shares of the oil and gas company's stock valued at $21,693,000 after buying an additional 169,543 shares during the last quarter. Finally, Vontobel Holding Ltd. acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at approximately $93,000. Institutional investors and hedge funds own 91.33% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James lowered 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 Trading Down 2.2%

HLX stock traded down $0.14 on Friday, hitting $6.19. 965,026 shares of the company were exchanged, compared to its average volume of 1,858,264. Helix Energy Solutions Group, Inc. has a twelve month low of $5.66 and a twelve month high of $13.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The business's fifty day moving average is $6.72 and its two-hundred day moving average is $8.21. The stock has a market capitalization of $937.97 million, a price-to-earnings ratio of 154.79 and a beta of 1.69.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $278.06 million during the quarter, compared to analyst estimates of $285.06 million. As a group, research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current 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.