Principal Financial Group Inc. Sells 88,475 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Principal Financial Group Inc. cut its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,354,728 shares of the oil and gas company's stock after selling 88,475 shares during the period. Principal Financial Group Inc. owned 1.55% of Helix Energy Solutions Group worth $19,568,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. SG Americas Securities LLC increased its stake in Helix Energy Solutions Group by 8.2% in the first quarter. SG Americas Securities LLC now owns 69,460 shares of the oil and gas company's stock valued at $577,000 after acquiring an additional 5,251 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Helix Energy Solutions Group by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock worth $30,590,000 after purchasing an additional 396,666 shares during the last quarter. Acuitas Investments LLC grew its stake in shares of Helix Energy Solutions Group by 21.1% in the first quarter. Acuitas Investments LLC now owns 416,006 shares of the oil and gas company's stock worth $3,457,000 after purchasing an additional 72,604 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Helix Energy Solutions Group by 420.9% in the first quarter. Exchange Traded Concepts LLC now owns 32,525 shares of the oil and gas company's stock valued at $270,000 after acquiring an additional 26,281 shares in the last quarter. Finally, Amundi boosted its holdings in Helix Energy Solutions Group by 191.9% in the fourth quarter. Amundi now owns 89,714 shares of the oil and gas company's stock valued at $812,000 after acquiring an additional 58,976 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Stock Down 2.1%

Shares of HLX traded down $0.14 during mid-day trading on Friday, reaching $6.55. The company had a trading volume of 1,836,209 shares, compared to its average volume of 1,791,717. The company has a market capitalization of $992.52 million, a price-to-earnings ratio of 11.91 and a beta of 1.57. The firm has a 50-day moving average price of $6.59 and a 200 day moving average price of $7.53. Helix Energy Solutions Group, Inc. has a 52 week low of $5.66 and a 52 week high of $13.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.28 and a current ratio of 2.28.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.07. The business 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 5.54% and a net margin of 6.34%. On average, sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Raymond James Financial cut 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 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.