Algert Global LLC Sells 18,970 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Algert Global LLC cut its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 14.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 113,790 shares of the oil and gas company’s stock after selling 18,970 shares during the period. Algert Global LLC’s holdings in Helix Energy Solutions Group were worth $1,061,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HLX. Smartleaf Asset Management LLC increased its position in shares of Helix Energy Solutions Group by 143.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 2,902 shares during the last quarter. Quarry LP grew its stake in Helix Energy Solutions Group by 79.8% in the 4th 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 in the last quarter. KBC Group NV increased its holdings in shares of Helix Energy Solutions Group by 61.8% in the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock worth $85,000 after buying an additional 3,491 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Helix Energy Solutions Group during the 4th quarter valued at $93,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Helix Energy Solutions Group during the 4th quarter worth $99,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Trading Down 2.5 %

NYSE:HLX opened at $6.54 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The company’s 50-day simple moving average is $7.26 and its 200 day simple moving average is $8.56. Helix Energy Solutions Group, Inc. has a one year low of $5.66 and a one year high of $13.05. The firm has a market capitalization of $991.01 million, a P/E ratio of 163.54 and a beta of 1.69.

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

Analysts Set New Price Targets

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

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.