Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. cut its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 82.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 277,835 shares of the oil and gas company's stock after selling 1,271,395 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.18% of Helix Energy Solutions Group worth $2,589,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. CoreCommodity Management LLC lifted its holdings in shares of 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. increased its holdings in shares of Helix Energy Solutions Group by 6.2% during the 4th 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 during the last quarter. MetLife Investment Management LLC raised its position in shares of Helix Energy Solutions Group by 2.4% in the 4th quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company's stock worth $795,000 after buying an additional 1,995 shares during the period. Quarry LP grew its position 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 valued at $45,000 after acquiring an additional 2,120 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in Helix Energy Solutions Group by 143.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company's stock worth $45,000 after acquiring an additional 2,902 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company's stock.

Helix Energy Solutions Group Stock Down 0.6%

Helix Energy Solutions Group stock traded down $0.04 during trading on Monday, reaching $6.14. 951,200 shares of the company's stock were exchanged, compared to its average volume of 1,862,492. Helix Energy Solutions Group, Inc. has a 52-week low of $5.66 and a 52-week high of $13.05. The firm has a market cap of $930.39 million, a price-to-earnings ratio of 153.54 and a beta of 1.69. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The company's 50-day moving average is $6.96 and its two-hundred day moving average is $8.34.

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, beating analysts' consensus estimates of ($0.05) by $0.07. The business had revenue of $278.06 million during the quarter, compared to analyst estimates of $285.06 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. On average, analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.