Pinebridge Investments L.P. lowered its stake in shares of Helix Energy Solutions Group Inc (NYSE:HLX) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 218,499 shares of the oil and gas company’s stock after selling 7,399 shares during the period. Pinebridge Investments L.P.’s holdings in Helix Energy Solutions Group were worth $1,819,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Helix Energy Solutions Group during the first quarter worth $195,000. Thompson Siegel & Walmsley LLC boosted its stake in Helix Energy Solutions Group by 45.3% during the first quarter. Thompson Siegel & Walmsley LLC now owns 35,600 shares of the oil and gas company’s stock worth $206,000 after buying an additional 11,100 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Helix Energy Solutions Group during the first quarter worth $226,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Helix Energy Solutions Group during the second quarter worth $245,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Helix Energy Solutions Group by 64.1% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,008 shares of the oil and gas company’s stock worth $317,000 after buying an additional 14,840 shares during the last quarter. 89.48% of the stock is currently owned by institutional investors.

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 271,532 shares of Helix Energy Solutions Group stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $10.09, for a total value of $2,739,757.88. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.85% of the stock is owned by insiders.

NYSE:HLX opened at $9.19 on Friday. Helix Energy Solutions Group Inc has a 52 week low of $5.44 and a 52 week high of $10.41. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -61.27 and a beta of 2.54.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Monday, July 23rd. The oil and gas company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.05. Helix Energy Solutions Group had a return on equity of 1.05% and a net margin of 9.79%. The company had revenue of $204.63 million for the quarter, compared to the consensus estimate of $183.54 million. During the same quarter in the previous year, the business earned ($0.03) earnings per share. The company’s revenue for the quarter was up 36.1% on a year-over-year basis. research analysts predict that Helix Energy Solutions Group Inc will post 0.19 EPS for the current fiscal year.

A number of equities analysts have weighed in on the company. ValuEngine raised Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. Zacks Investment Research raised Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Thursday, July 26th. Finally, TheStreet raised Helix Energy Solutions Group from a “d+” rating to a “c-” rating in a research note on Wednesday, May 9th. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. Helix Energy Solutions Group has a consensus rating of “Buy” and a consensus target price of $9.20.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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Institutional Ownership by Quarter for Helix Energy Solutions Group (NYSE:HLX)

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