Renaissance Technologies LLC Sells 409,227 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Renaissance Technologies LLC decreased its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 52.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 375,900 shares of the oil and gas company's stock after selling 409,227 shares during the quarter. Renaissance Technologies LLC owned 0.25% of Helix Energy Solutions Group worth $3,503,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HLX. Barclays PLC boosted its holdings in Helix Energy Solutions Group by 269.0% during the third quarter. Barclays PLC now owns 306,482 shares of the oil and gas company's stock worth $3,402,000 after purchasing an additional 223,432 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Helix Energy Solutions Group by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company's stock worth $36,492,000 after buying an additional 25,432 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Helix Energy Solutions Group by 38.6% in the third 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 acquiring an additional 575,450 shares in the last quarter. Diversified Trust Co increased its position in shares of Helix Energy Solutions Group by 12.6% during the fourth quarter. Diversified Trust Co now owns 55,568 shares of the oil and gas company's stock valued at $518,000 after acquiring an additional 6,220 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Helix Energy Solutions Group by 61.8% during the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock worth $85,000 after acquiring an additional 3,491 shares during the period. Institutional investors and hedge funds own 91.33% of the company's stock.

Helix Energy Solutions Group Stock Performance

NYSE HLX traded down $0.29 on Friday, hitting $6.29. 2,915,366 shares of the stock traded hands, compared to its average volume of 1,798,375. 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 business's fifty day moving average is $7.62 and its two-hundred day moving average is $8.84. Helix Energy Solutions Group, Inc. has a 12 month low of $5.66 and a 12 month high of $13.05. The firm has a market capitalization of $953.12 million, a price-to-earnings ratio of 157.29 and a beta of 1.91.

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

Analyst Ratings Changes

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

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.