Cwm LLC Sells 1,939 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Cwm LLC reduced its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 21.4% in the third quarter, Holdings Channel reports. The institutional investor owned 7,104 shares of the oil and gas company’s stock after selling 1,939 shares during the period. Cwm LLC’s holdings in Helix Energy Solutions Group were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Helix Energy Solutions Group during the 2nd quarter valued at $45,000. GAMMA Investing LLC raised its position in shares of Helix Energy Solutions Group by 24.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 1,236 shares in the last quarter. Bleakley Financial Group LLC raised its position in shares of Helix Energy Solutions Group by 10.2% during the 1st quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock valued at $163,000 after buying an additional 1,391 shares in the last quarter. Edgestream Partners L.P. bought a new position in Helix Energy Solutions Group during the 2nd quarter valued at about $184,000. Finally, Saxon Interests Inc. bought a new position in Helix Energy Solutions Group in the 1st quarter worth about $192,000. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

NYSE:HLX opened at $9.34 on Friday. The company’s 50-day moving average price is $10.38 and its 200-day moving average price is $10.97. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.42 billion, a P/E ratio of -44.48 and a beta of 2.41. Helix Energy Solutions Group, Inc. has a twelve month low of $8.82 and a twelve month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The firm had revenue of $342.42 million for the quarter, compared to the consensus estimate of $354.74 million. During the same period last year, the firm posted $0.19 earnings per share. On average, sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

HLX has been the subject of several research reports. BTIG Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday. TD Cowen cut their price objective on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday. StockNews.com lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Raymond James began coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price target on the stock.

Insiders Place Their Bets

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of the sale, the chief executive officer now directly owns 7,171,860 shares in the company, valued at $85,488,571.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.37% of the stock is owned by insiders.

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.