First Trust Advisors LP Sells 169,297 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

First Trust Advisors LP reduced its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 41.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,707 shares of the oil and gas company's stock after selling 169,297 shares during the quarter. First Trust Advisors LP owned 0.15% of Helix Energy Solutions Group worth $2,187,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HLX. Barclays PLC raised its stake in Helix Energy Solutions Group by 269.0% during the 3rd quarter. Barclays PLC now owns 306,482 shares of the oil and gas company's stock valued at $3,402,000 after purchasing an additional 223,432 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Helix Energy Solutions Group by 38.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company's stock valued at $22,919,000 after buying an additional 575,450 shares in the last quarter. Diversified Trust Co raised its stake in shares of Helix Energy Solutions Group by 12.6% in the 4th quarter. Diversified Trust Co now owns 55,568 shares of the oil and gas company's stock valued at $518,000 after buying an additional 6,220 shares in the last quarter. KBC Group NV raised its stake in shares of Helix Energy Solutions Group by 61.8% in the 4th 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 in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Helix Energy Solutions Group by 16.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company's stock valued at $61,016,000 after buying an additional 923,477 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Raymond James cut shares of Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and dropped 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 HLX stock traded down $0.17 during mid-day trading on Friday, reaching $6.54. The company's stock had a trading volume of 1,821,647 shares, compared to its average volume of 1,853,380. Helix Energy Solutions Group, Inc. has a 1-year low of $5.66 and a 1-year high of $13.05. The company has a market cap of $991.01 million, a P/E ratio of 163.54 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 firm's 50-day moving average is $7.26 and its two-hundred day moving average is $8.55.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.07. The business 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 0.54% and a return on equity of 4.39%. On average, research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current 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.