Mutual of America Capital Management LLC Cuts Stock Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Mutual of America Capital Management LLC lowered its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 8.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,498 shares of the oil and gas company’s stock after selling 2,057 shares during the period. Mutual of America Capital Management LLC’s holdings in Helix Energy Solutions Group were worth $239,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Helix Energy Solutions Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock worth $144,897,000 after acquiring an additional 152,413 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Helix Energy Solutions Group by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock worth $131,559,000 after acquiring an additional 254,880 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of Helix Energy Solutions Group during the second quarter worth about $81,862,000. American Century Companies Inc. boosted its stake in shares of Helix Energy Solutions Group by 24.9% in the second quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock worth $40,756,000 after acquiring an additional 680,635 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Helix Energy Solutions Group by 74.1% during the second quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after acquiring an additional 985,101 shares during the last quarter. Institutional investors own 91.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HLX shares. StockNews.com cut shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Raymond James initiated coverage on Helix Energy Solutions Group in a research note on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 target price for the company. BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Finally, TD Cowen lowered their target price on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 25th.

Insider Buying and Selling

In other news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the sale, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at approximately $85,488,571.20. The trade was a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Price Performance

HLX stock opened at $10.80 on Friday. Helix Energy Solutions Group, Inc. has a 52-week low of $8.82 and a 52-week high of $13.05. The stock’s fifty day simple moving average is $10.30 and its 200-day simple moving average is $10.81. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 270.07 and a beta of 2.43.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The business had revenue of $342.42 million for the quarter, compared to analysts’ expectations of $354.74 million. During the same quarter last year, the firm earned $0.19 earnings per share. Equities research analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Helix Energy Solutions Group Company 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.