Fisher Asset Management LLC Has $21.55 Million Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Fisher Asset Management LLC grew its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 3.9% in the third quarter, Holdings Channel.com reports. The firm owned 1,941,340 shares of the oil and gas company’s stock after purchasing an additional 72,945 shares during the period. Fisher Asset Management LLC’s holdings in Helix Energy Solutions Group were worth $21,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Assenagon Asset Management S.A. lifted its stake in Helix Energy Solutions Group by 74.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after acquiring an additional 985,101 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Helix Energy Solutions Group by 35.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 236,168 shares of the oil and gas company’s stock valued at $2,560,000 after acquiring an additional 61,963 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Helix Energy Solutions Group by 11.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company’s stock valued at $11,829,000 after purchasing an additional 106,582 shares during the period. Semanteon Capital Management LP purchased a new stake in shares of Helix Energy Solutions Group in the third quarter worth approximately $628,000. Finally, Caxton Associates LP boosted its holdings in shares of Helix Energy Solutions Group by 225.5% during the second quarter. Caxton Associates LP now owns 94,860 shares of the oil and gas company’s stock worth $1,133,000 after purchasing an additional 65,720 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.

Insider Transactions at Helix Energy Solutions Group

In other news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total value of $3,557,154.48. Following the transaction, the chief executive officer now owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. This trade represents a 3.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.37% of the stock is currently owned by corporate insiders.

Helix Energy Solutions Group Stock Performance

HLX stock opened at $10.80 on Thursday. The firm has a 50 day moving average of $10.28 and a two-hundred day moving average of $10.81. Helix Energy Solutions Group, Inc. has a 12 month low of $8.82 and a 12 month high of $13.05. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 270.07 and a beta of 2.43. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. During the same period in the prior year, the company posted $0.19 earnings per share. As a group, equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on HLX. Raymond James assumed coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective on the stock. BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. TD Cowen reduced their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, StockNews.com lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Tuesday.

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.