Ameriprise Financial Inc. Sells 88,742 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Ameriprise Financial Inc. lowered its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 455,093 shares of the oil and gas company’s stock after selling 88,742 shares during the period. Ameriprise Financial Inc. owned about 0.30% of Helix Energy Solutions Group worth $4,241,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in Helix Energy Solutions Group by 24.4% during the fourth quarter. Northern Trust Corp now owns 1,811,814 shares of the oil and gas company’s stock worth $16,886,000 after purchasing an additional 355,852 shares during the last quarter. Quarry LP increased its holdings in shares of Helix Energy Solutions Group by 79.8% in the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company’s stock worth $45,000 after buying an additional 2,120 shares during the period. Oxford Asset Management LLP purchased a new position in shares of Helix Energy Solutions Group in the fourth quarter worth about $141,000. Oberweis Asset Management Inc. increased its holdings in shares of Helix Energy Solutions Group by 23.1% in the fourth quarter. Oberweis Asset Management Inc. now owns 501,700 shares of the oil and gas company’s stock worth $4,676,000 after buying an additional 94,200 shares during the period. Finally, Syon Capital LLC purchased a new position in shares of Helix Energy Solutions Group in the fourth quarter worth about $143,000. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Down 0.6%

HLX opened at $6.14 on Monday. The company has a market cap of $930.39 million, a P/E ratio of 153.54 and a beta of 1.69. The business’s 50-day moving average price is $6.96 and its 200-day moving average price is $8.34. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 12 month low of $5.66 and a 12 month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The company had revenue of $278.06 million for the quarter, compared to the consensus estimate of $285.06 million. On average, equities analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Analyst Ratings Changes

Separately, Raymond James downgraded Helix Energy Solutions Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $14.00 to $10.00 in a report on Friday, April 25th.

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.