Zazove Associates LLC Cuts Position in Helix Energy Solutions Group, Inc. $HLX

Zazove Associates LLC trimmed its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 74.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,400 shares of the oil and gas company’s stock after selling 90,000 shares during the period. Zazove Associates LLC’s holdings in Helix Energy Solutions Group were worth $199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. lifted its position in Helix Energy Solutions Group by 2.8% during the second quarter. American Century Companies Inc. now owns 5,168,485 shares of the oil and gas company’s stock valued at $32,251,000 after purchasing an additional 138,374 shares during the last quarter. Encompass Capital Advisors LLC lifted its holdings in shares of Helix Energy Solutions Group by 24.3% in the 1st quarter. Encompass Capital Advisors LLC now owns 5,099,383 shares of the oil and gas company’s stock valued at $42,376,000 after acquiring an additional 996,088 shares during the last quarter. Gate City Capital Management LLC lifted its holdings in shares of Helix Energy Solutions Group by 8.5% in the 2nd quarter. Gate City Capital Management LLC now owns 3,581,525 shares of the oil and gas company’s stock valued at $22,349,000 after acquiring an additional 281,771 shares during the last quarter. Invesco Ltd. grew its position in Helix Energy Solutions Group by 219.2% in the second quarter. Invesco Ltd. now owns 3,198,950 shares of the oil and gas company’s stock worth $19,961,000 after acquiring an additional 2,196,916 shares in the last quarter. Finally, Systematic Financial Management LP increased its stake in Helix Energy Solutions Group by 2.8% during the second quarter. Systematic Financial Management LP now owns 3,035,156 shares of the oil and gas company’s stock worth $18,939,000 after acquiring an additional 83,338 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Trading Down 1.0%

Shares of HLX opened at $6.26 on Monday. The firm has a market capitalization of $919.99 million, a price-to-earnings ratio of 22.34 and a beta of 1.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.54 and a quick ratio of 2.54. Helix Energy Solutions Group, Inc. has a 1-year low of $5.52 and a 1-year high of $9.75. The company has a 50-day moving average of $6.71 and a 200 day moving average of $6.50.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Helix Energy Solutions Group had a net margin of 3.25% and a return on equity of 2.75%. The business had revenue of $376.96 million for the quarter, compared to analyst estimates of $361.93 million. Helix Energy Solutions Group’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 40,000 shares of Helix Energy Solutions Group stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $6.88, for a total transaction of $275,200.00. Following the completion of the sale, the chief operating officer directly owned 301,042 shares of the company’s stock, valued at $2,071,168.96. The trade was a 11.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.37% of the stock is owned by insiders.

Analysts Set New Price Targets

HLX has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Helix Energy Solutions Group in a report on Monday, December 15th. Cowen reaffirmed a “buy” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 24th. Zacks Research raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. TD Cowen lifted their price target on shares of Helix Energy Solutions Group from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Wall Street Zen upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Helix Energy Solutions Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.