Fisher Asset Management LLC Has $15.12 Million Position in Helix Energy Solutions Group, Inc. $HLX

Fisher Asset Management LLC trimmed its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,422,905 shares of the oil and gas company’s stock after selling 102,045 shares during the quarter. Fisher Asset Management LLC owned about 1.65% of Helix Energy Solutions Group worth $15,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in HLX. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Helix Energy Solutions Group by 4.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,161 shares of the oil and gas company’s stock valued at $309,000 after buying an additional 1,634 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Helix Energy Solutions Group by 7.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,953 shares of the oil and gas company’s stock valued at $162,000 after acquiring an additional 1,781 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its stake in Helix Energy Solutions Group by 6.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 31,179 shares of the oil and gas company’s stock worth $195,000 after acquiring an additional 1,912 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Helix Energy Solutions Group by 43.1% during the first quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock worth $59,000 after acquiring an additional 2,123 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Helix Energy Solutions Group by 6.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,570 shares of the oil and gas company’s stock worth $228,000 after purchasing an additional 2,354 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Cowen reiterated a “buy” rating on shares of Helix Energy Solutions Group in a report on Friday, October 24th. Wall Street Zen upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Helix Energy Solutions Group in a research note on Monday. Zacks Research raised Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Finally, TD Cowen lifted their price target on shares of Helix Energy Solutions Group from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $10.50.

Helix Energy Solutions Group Trading Up 4.5%

Shares of Helix Energy Solutions Group stock opened at $7.30 on Thursday. The company has a market capitalization of $1.07 billion, a P/E ratio of 26.05 and a beta of 1.26. The stock has a fifty day simple moving average of $6.62 and a 200 day simple moving average of $6.46. Helix Energy Solutions Group, Inc. has a 12-month low of $5.52 and a 12-month high of $10.80. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. Helix Energy Solutions Group had a net margin of 3.25% and a return on equity of 2.75%. The firm had revenue of $376.96 million for the quarter, compared to the consensus estimate of $361.93 million. Helix Energy Solutions Group’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 40,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $6.88, for a total value of $275,200.00. Following the completion of the sale, the chief operating officer owned 301,042 shares in the company, valued at approximately $2,071,168.96. This trade represents a 11.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Profile

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.