Principal Financial Group Inc. Buys 575,450 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Principal Financial Group Inc. grew its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 38.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,064,809 shares of the oil and gas company’s stock after buying an additional 575,450 shares during the period. Principal Financial Group Inc. owned approximately 1.35% of Helix Energy Solutions Group worth $22,919,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. bought a new position in Helix Energy Solutions Group during the 2nd quarter worth approximately $81,862,000. Assenagon Asset Management S.A. boosted its position in shares of 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 purchasing an additional 985,101 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Helix Energy Solutions Group during the second quarter worth $11,451,000. American Century Companies Inc. grew its holdings in shares of Helix Energy Solutions Group by 24.9% in the 2nd quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock valued at $40,756,000 after buying an additional 680,635 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Helix Energy Solutions Group by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock valued at $131,559,000 after buying an additional 254,880 shares in the last quarter. 91.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Helix Energy Solutions Group

In other news, CEO Owen E. Kratz sold 298,419 shares of the 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 transaction, the chief executive officer now directly owns 7,171,860 shares in the company, valued at $85,488,571.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Stock Down 1.1 %

HLX stock opened at $10.53 on Thursday. 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 stock has a market capitalization of $1.60 billion, a P/E ratio of 263.19 and a beta of 2.43. Helix Energy Solutions Group, Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $13.05. The business has a 50-day moving average of $10.09 and a 200-day moving average of $10.85.

Helix Energy Solutions Group (NYSE:HLX) last issued 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. The company had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. During the same period last year, the business earned $0.19 EPS. On average, sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on HLX. Raymond James assumed coverage on Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 target price on the stock. BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Finally, TD Cowen cut their price target 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, October 25th.

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.