Acuitas Investments LLC Sells 148,532 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Acuitas Investments LLC reduced its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 48.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 161,148 shares of the oil and gas company’s stock after selling 148,532 shares during the period. Acuitas Investments LLC owned 0.11% of Helix Energy Solutions Group worth $1,657,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HLX. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Helix Energy Solutions Group by 0.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,720,717 shares of the oil and gas company’s stock worth $17,689,000 after purchasing an additional 15,952 shares during the last quarter. American Century Companies Inc. boosted its stake in Helix Energy Solutions Group by 9.2% in the third quarter. American Century Companies Inc. now owns 1,614,561 shares of the oil and gas company’s stock valued at $18,035,000 after acquiring an additional 136,406 shares during the last quarter. Wellington Management Group LLP boosted its stake in Helix Energy Solutions Group by 4.2% in the third quarter. Wellington Management Group LLP now owns 1,554,950 shares of the oil and gas company’s stock valued at $17,369,000 after acquiring an additional 63,000 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in Helix Energy Solutions Group by 1.9% in the third quarter. Panagora Asset Management Inc. now owns 1,095,651 shares of the oil and gas company’s stock valued at $12,238,000 after acquiring an additional 20,366 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Helix Energy Solutions Group by 1.2% in the third quarter. Acadian Asset Management LLC now owns 940,574 shares of the oil and gas company’s stock valued at $10,501,000 after acquiring an additional 11,358 shares during the last quarter. 91.33% of the stock is owned by institutional investors.

Helix Energy Solutions Group Stock Performance

HLX traded up $0.08 during midday trading on Friday, reaching $11.37. The company had a trading volume of 403,427 shares, compared to its average volume of 1,742,559. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market cap of $1.74 billion, a PE ratio of -53.81 and a beta of 2.50. Helix Energy Solutions Group, Inc. has a 12-month low of $6.18 and a 12-month high of $12.14. The business has a 50-day moving average price of $10.45 and a two-hundred day moving average price of $10.02.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Wednesday, April 24th. The oil and gas company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The company had revenue of $296.21 million during the quarter, compared to analysts’ expectations of $303.00 million. Helix Energy Solutions Group had a negative net margin of 2.39% and a positive return on equity of 3.20%. On average, sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.44 earnings per share for the current fiscal year.

Helix Energy Solutions Group 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.