Voya Investment Management LLC Sells 531,267 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Voya Investment Management LLC lowered its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 17.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,465,068 shares of the oil and gas company's stock after selling 531,267 shares during the quarter. Voya Investment Management LLC owned 1.62% of Helix Energy Solutions Group worth $22,974,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HLX. PNC Financial Services Group Inc. boosted its holdings in Helix Energy Solutions Group by 6.2% in 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 period. MetLife Investment Management LLC grew its position in shares of Helix Energy Solutions Group by 2.4% during the fourth quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company's stock worth $795,000 after purchasing an additional 1,995 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Helix Energy Solutions Group by 143.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company's stock valued at $45,000 after purchasing an additional 2,902 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Helix Energy Solutions Group by 10.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 35,527 shares of the oil and gas company's stock worth $338,000 after purchasing an additional 3,219 shares in the last quarter. Finally, KBC Group NV boosted its stake in 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 worth $85,000 after purchasing an additional 3,491 shares during the period. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Price Performance

Shares of NYSE:HLX traded down $0.17 during mid-day trading on Wednesday, reaching $6.03. The stock had a trading volume of 890,370 shares, compared to its average volume of 1,813,187. The business's 50 day moving average price is $7.54 and its 200 day moving average price is $8.76. 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 $913.73 million, a P/E ratio of 150.79 and a beta of 1.91. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) 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 business had revenue of $278.06 million for the quarter, compared to analysts' expectations of $285.06 million. Research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Raymond James cut shares of Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $14.00 to $10.00 in a research report on Friday, April 25th.

About Helix Energy Solutions Group

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.