Mirae Asset Global Investments Co. Ltd. Cuts Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLXFree Report) by 21.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,356,346 shares of the oil and gas company’s stock after selling 364,371 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.89% of Helix Energy Solutions Group worth $14,703,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Natixis Advisors L.P. bought a new stake in shares of Helix Energy Solutions Group in the 3rd quarter worth approximately $279,000. Gotham Asset Management LLC bought a new stake in Helix Energy Solutions Group in the third quarter worth $587,000. GSA Capital Partners LLP purchased a new stake in Helix Energy Solutions Group during the third quarter valued at about $1,064,000. Tudor Investment Corp Et Al grew its stake in shares of Helix Energy Solutions Group by 59.5% during the third quarter. Tudor Investment Corp Et Al now owns 376,919 shares of the oil and gas company’s stock valued at $4,210,000 after buying an additional 140,593 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Helix Energy Solutions Group in the third quarter worth about $3,278,000. Institutional investors own 91.33% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Owen E. Kratz sold 141,879 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $11.83, for a total value of $1,678,428.57. Following the sale, the chief executive officer now directly owns 7,643,646 shares of the company’s stock, valued at approximately $90,424,332.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 141,879 shares of Helix Energy Solutions Group stock in a transaction on Monday, May 20th. The stock was sold at an average price of $11.83, for a total transaction of $1,678,428.57. Following the completion of the transaction, the chief executive officer now owns 7,643,646 shares in the company, valued at $90,424,332.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Scott Andrew Sparks sold 12,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $11.44, for a total value 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 $3,233,332.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,264 shares of company stock worth $1,932,544. Company insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Stock Down 1.3 %

HLX traded down $0.16 during trading on Friday, hitting $11.91. 943,445 shares of the stock traded hands, compared to its average volume of 2,466,467. The firm has a 50-day moving average of $11.17 and a 200 day moving average of $10.51. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.21. Helix Energy Solutions Group, Inc. has a 12-month low of $7.24 and a 12-month high of $12.29.

Helix Energy Solutions Group (NYSE:HLXGet Free Report) last announced 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). The business had revenue of $296.21 million during the quarter, compared to analysts’ expectations of $303.00 million. Helix Energy Solutions Group had a positive return on equity of 3.22% and a negative net margin of 2.39%. Research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, TD Cowen increased their target price on Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, June 25th.

View Our Latest Stock Report on Helix Energy Solutions Group

Helix Energy Solutions Group Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Helix Energy Solutions Group (NYSE:HLX)

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