Empowered Funds LLC Purchases 419,437 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Empowered Funds LLC increased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 352.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 538,485 shares of the oil and gas company’s stock after buying an additional 419,437 shares during the quarter. Empowered Funds LLC owned 0.35% of Helix Energy Solutions Group worth $5,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. bought a new stake in shares of Helix Energy Solutions Group in the 3rd quarter worth approximately $33,000. Millburn Ridgefield Corp purchased a new position in Helix Energy Solutions Group in the 3rd quarter worth $61,000. GAMMA Investing LLC lifted its stake in Helix Energy Solutions Group by 21.1% in the third quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock worth $86,000 after purchasing an additional 1,343 shares during the last quarter. KBC Group NV boosted its position in Helix Energy Solutions Group by 61.8% during the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock valued at $85,000 after buying an additional 3,491 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in Helix Energy Solutions Group during the third quarter valued at about $130,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BTIG Research cut Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. TD Cowen dropped their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

Helix Energy Solutions Group Stock Up 0.2 %

Shares of NYSE:HLX opened at $8.23 on Wednesday. The stock’s 50-day moving average is $9.01 and its 200 day moving average is $9.91. The company has a market cap of $1.25 billion, a PE ratio of 205.68 and a beta of 2.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. Helix Energy Solutions Group, Inc. has a 1 year low of $7.76 and a 1 year high of $13.05.

Insider Activity

In other news, EVP Kenneth English Neikirk sold 83,991 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $9.17, for a total value of $770,197.47. Following the completion of the sale, the executive vice president now directly owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. This trade represents a 44.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Diana Glassman sold 16,000 shares of Helix Energy Solutions Group stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total value of $159,040.00. Following the sale, the director now directly owns 26,133 shares in the company, valued at approximately $259,762.02. The trade was a 37.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 269,991 shares of company stock valued at $2,607,137. Company insiders own 6.37% of the company’s stock.

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.