Pineridge Advisors LLC Invests $54,000 in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Pineridge Advisors LLC acquired a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 5,263 shares of the oil and gas company’s stock, valued at approximately $54,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of Helix Energy Solutions Group by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,906,292 shares of the oil and gas company’s stock worth $112,118,000 after buying an additional 489,105 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in Helix Energy Solutions Group by 33,636.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,902,392 shares of the oil and gas company’s stock worth $19,557,000 after purchasing an additional 1,896,753 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Helix Energy Solutions Group by 0.9% in 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 period. American Century Companies Inc. boosted its position in shares of Helix Energy Solutions Group by 9.2% during the third quarter. American Century Companies Inc. now owns 1,614,561 shares of the oil and gas company’s stock worth $18,035,000 after purchasing an additional 136,406 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Helix Energy Solutions Group by 4.2% in the 3rd 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 buying an additional 63,000 shares in the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Down 3.7 %

Helix Energy Solutions Group stock traded down $0.39 during mid-day trading on Friday, hitting $10.15. 1,877,767 shares of the company’s stock were exchanged, compared to its average volume of 1,290,518. Helix Energy Solutions Group, Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $12.14. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1.55 billion, a P/E ratio of -48.33 and a beta of 2.49. The company’s 50 day simple moving average is $11.15 and its 200-day simple moving average is $10.31.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Helix Energy Solutions Group had a positive return on equity of 3.22% and a negative net margin of 2.39%. The business had revenue of $296.21 million for the quarter, compared to analyst estimates of $303.00 million. On average, equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Scott Andrew Sparks sold 12,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $11.44, for a total value of $137,280.00. Following the sale, the chief operating officer now directly owns 282,634 shares of the company’s stock, valued at approximately $3,233,332.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Owen E. Kratz sold 7,521 shares of Helix Energy Solutions Group stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $11.54, for a total value of $86,792.34. Following the sale, the chief executive officer now directly owns 7,471,329 shares in the company, valued at $86,219,136.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Scott Andrew Sparks sold 12,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $11.44, for a total transaction of $137,280.00. Following the completion of the sale, the chief operating officer now directly owns 282,634 shares in the company, valued at approximately $3,233,332.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 161,400 shares of company stock worth $1,902,501. Company insiders own 6.37% of the company’s stock.

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.