Helix Energy Solutions Group, Inc. (NYSE:HLX) Stock Position Increased by Brinker Capital Investments LLC

Brinker Capital Investments LLC boosted its position in Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating) by 18.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 194,729 shares of the oil and gas company’s stock after purchasing an additional 30,133 shares during the quarter. Brinker Capital Investments LLC owned about 0.13% of Helix Energy Solutions Group worth $752,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in Helix Energy Solutions Group by 5.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 495,800 shares of the oil and gas company’s stock valued at $1,537,000 after purchasing an additional 26,346 shares during the last quarter. Guinness Asset Management LTD raised its position in shares of Helix Energy Solutions Group by 7.4% during the 2nd quarter. Guinness Asset Management LTD now owns 717,104 shares of the oil and gas company’s stock worth $2,229,000 after buying an additional 49,656 shares in the last quarter. Vahanian & Associates Financial Planning Inc. bought a new stake in shares of Helix Energy Solutions Group during the 2nd quarter worth about $75,000. Diversified Trust Co raised its position in shares of Helix Energy Solutions Group by 19.4% during the 3rd quarter. Diversified Trust Co now owns 38,972 shares of the oil and gas company’s stock worth $150,000 after buying an additional 6,330 shares in the last quarter. Finally, Pacific Global Investment Management Co. raised its position in shares of Helix Energy Solutions Group by 0.7% during the 3rd quarter. Pacific Global Investment Management Co. now owns 509,678 shares of the oil and gas company’s stock worth $1,967,000 after buying an additional 3,389 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors.

Insider Transactions at Helix Energy Solutions Group

In other news, COO Scott Andrew Sparks sold 26,000 shares of Helix Energy Solutions Group stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $6.93, for a total value of $180,180.00. Following the transaction, the chief operating officer now directly owns 254,870 shares of the company’s stock, valued at $1,766,249.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HLX shares. StockNews.com downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 3rd. BTIG Research upgraded shares of Helix Energy Solutions Group from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Wednesday, October 26th. Finally, TheStreet upgraded shares of Helix Energy Solutions Group from a “d+” rating to a “c-” rating in a research report on Friday, October 28th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.71.

Helix Energy Solutions Group Stock Performance

Shares of HLX opened at $7.66 on Tuesday. The firm’s 50 day moving average is $6.84 and its 200-day moving average is $5.27. The stock has a market capitalization of $1.16 billion, a P/E ratio of -9.95 and a beta of 2.82. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 1.44. Helix Energy Solutions Group, Inc. has a 12-month low of $2.47 and a 12-month high of $8.14.

Helix Energy Solutions Group (NYSE:HLX – Get Rating) last released its earnings results on Monday, October 24th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.16). The firm had revenue of $272.55 million during the quarter, compared to analysts’ expectations of $228.18 million. Helix Energy Solutions Group had a negative return on equity of 7.27% and a negative net margin of 15.44%. During the same period last year, the business earned ($0.13) earnings per share. Equities research analysts anticipate that Helix Energy Solutions Group, Inc. will post -0.35 EPS for the current fiscal year.

Helix Energy Solutions Group Profile

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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.