Comerica Bank decreased its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,937 shares of the oil and gas company's stock after selling 12,090 shares during the quarter. Comerica Bank owned about 0.07% of Helix Energy Solutions Group worth $523,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors boosted its holdings in shares of Helix Energy Solutions Group by 91.4% during the first quarter. Captrust Financial Advisors now owns 6,907 shares of the oil and gas company's stock worth $33,000 after purchasing an additional 3,298 shares during the last quarter. CWM LLC raised its position in shares of Helix Energy Solutions Group by 292.6% in the 3rd quarter. CWM LLC now owns 10,000 shares of the oil and gas company's stock worth $39,000 after buying an additional 7,453 shares during the period. KBC Group NV purchased a new position in shares of Helix Energy Solutions Group in the 2nd quarter worth $37,000. Sawtooth Solutions LLC purchased a new position in shares of Helix Energy Solutions Group in the 1st quarter worth $72,000. Finally, Private Advisor Group LLC purchased a new position in shares of Helix Energy Solutions Group in the 1st quarter worth $76,000. Institutional investors and hedge funds own 87.78% of the company's stock.
Get Helix Energy Solutions Group alerts:Insider Transactions at Helix Energy Solutions Group
In other news, COO Scott Andrew Sparks sold 26,000 shares of Helix Energy Solutions Group stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $6.93, for a total transaction of $180,180.00. Following the sale, the chief operating officer now directly owns 254,870 shares of the company's stock, valued at $1,766,249.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.14% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on HLX shares. BTIG Research raised Helix Energy Solutions Group from a "neutral" rating to a "buy" rating and set a $10.00 target price on the stock in a research report on Wednesday, October 26th. StockNews.com lowered Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research report on Thursday, November 3rd. Finally, TheStreet raised Helix Energy Solutions Group from a "d+" rating to a "c-" rating in a research report on Friday, October 28th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $7.71.Helix Energy Solutions Group Trading Down 3.0 %
NYSE:HLX opened at $7.78 on Friday. Helix Energy Solutions Group, Inc. has a 12 month low of $2.47 and a 12 month high of $8.14. The firm has a market capitalization of $1.18 billion, a PE ratio of -10.10 and a beta of 2.83. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 1.44. The business's 50-day moving average is $6.93 and its two-hundred day moving average is $5.39.
Helix Energy Solutions Group Company Profile
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Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.
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