Fisher Asset Management LLC Sells 114,196 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Fisher Asset Management LLC reduced its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,827,144 shares of the oil and gas company’s stock after selling 114,196 shares during the period. Fisher Asset Management LLC’s holdings in Helix Energy Solutions Group were worth $17,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLX. Pacer Advisors Inc. boosted its position in shares of Helix Energy Solutions Group by 16.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock worth $61,016,000 after acquiring an additional 923,477 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Helix Energy Solutions Group by 38.6% during the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company’s stock worth $22,919,000 after acquiring an additional 575,450 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Helix Energy Solutions Group by 111.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 941,394 shares of the oil and gas company’s stock worth $10,449,000 after acquiring an additional 496,278 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Helix Energy Solutions Group by 352.3% during the fourth quarter. Empowered Funds LLC now owns 538,485 shares of the oil and gas company’s stock worth $5,019,000 after acquiring an additional 419,437 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Helix Energy Solutions Group by 3.8% during the third quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock worth $73,973,000 after acquiring an additional 246,577 shares during the last quarter. Institutional investors own 91.33% of the company’s stock.

Insider Activity at Helix Energy Solutions Group

In other news, EVP Kenneth English Neikirk sold 83,991 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $9.17, for a total value of $770,197.47. Following the sale, the executive vice president now owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. This represents a 44.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Scott Andrew Sparks sold 170,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the completion of the sale, the chief operating officer now directly owns 112,634 shares in the company, valued at approximately $1,111,697.58. This represents a 60.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 269,991 shares of company stock valued at $2,607,137 over the last 90 days. 6.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

Helix Energy Solutions Group Price Performance

Helix Energy Solutions Group stock opened at $7.96 on Tuesday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 199.05 and a beta of 2.43. The firm’s fifty day moving average is $8.66 and its 200 day moving average is $9.69. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 52-week low of $7.76 and a 52-week high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Monday, February 24th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $355.13 million for the quarter, compared to the consensus estimate of $311.66 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. Sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

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.