Cresset Asset Management LLC Grows Position in Helix Energy Solutions Group, Inc. $HLX

Cresset Asset Management LLC boosted its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 1,671.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 193,087 shares of the oil and gas company’s stock after purchasing an additional 182,184 shares during the period. Cresset Asset Management LLC owned approximately 0.13% of Helix Energy Solutions Group worth $1,205,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Helix Energy Solutions Group by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 14,257,726 shares of the oil and gas company’s stock worth $118,482,000 after buying an additional 208,288 shares during the last quarter. American Century Companies Inc. grew its position in Helix Energy Solutions Group by 2.8% during the second quarter. American Century Companies Inc. now owns 5,168,485 shares of the oil and gas company’s stock valued at $32,251,000 after acquiring an additional 138,374 shares during the period. Encompass Capital Advisors LLC increased its stake in Helix Energy Solutions Group by 24.3% during the first quarter. Encompass Capital Advisors LLC now owns 5,099,383 shares of the oil and gas company’s stock worth $42,376,000 after acquiring an additional 996,088 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Helix Energy Solutions Group by 2.6% in the 1st quarter. Wellington Management Group LLP now owns 3,368,295 shares of the oil and gas company’s stock worth $27,991,000 after purchasing an additional 86,093 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Helix Energy Solutions Group by 219.2% in the 2nd quarter. Invesco Ltd. now owns 3,198,950 shares of the oil and gas company’s stock worth $19,961,000 after purchasing an additional 2,196,916 shares during the period. 91.33% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Trading Down 2.2%

NYSE HLX opened at $7.24 on Thursday. The stock has a market cap of $1.06 billion, a P/E ratio of 25.84 and a beta of 1.26. The company’s fifty day simple moving average is $6.68 and its 200-day simple moving average is $6.50. 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, Inc. has a 52 week low of $5.52 and a 52 week high of $10.21.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate 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. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity

In related news, COO Scott Andrew Sparks sold 40,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $6.88, for a total value of $275,200.00. Following the transaction, the chief operating officer owned 301,042 shares in the company, valued at approximately $2,071,168.96. The trade was a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

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

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.