The Manufacturers Life Insurance Company Boosts Stake in Helix Energy Solutions Group, Inc. (NYSE:HLX)

The Manufacturers Life Insurance Company raised its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 21.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,324 shares of the oil and gas company’s stock after acquiring an additional 19,746 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Helix Energy Solutions Group worth $627,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HLX. UBS Asset Management Americas Inc. grew its stake in Helix Energy Solutions Group by 36.1% during the first quarter. UBS Asset Management Americas Inc. now owns 52,933 shares of the oil and gas company’s stock worth $411,000 after buying an additional 14,031 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Helix Energy Solutions Group by 8.2% during the first quarter. TIAA CREF Investment Management LLC now owns 427,945 shares of the oil and gas company’s stock valued at $3,325,000 after purchasing an additional 32,484 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Helix Energy Solutions Group by 31.4% during the first quarter. Vanguard Group Inc. now owns 12,647,162 shares of the oil and gas company’s stock valued at $98,268,000 after purchasing an additional 3,022,776 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Helix Energy Solutions Group by 30.5% during the first quarter. Geode Capital Management LLC now owns 1,075,670 shares of the oil and gas company’s stock valued at $8,357,000 after purchasing an additional 251,448 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Helix Energy Solutions Group by 31,634.0% during the first quarter. BlackRock Inc. now owns 17,588,903 shares of the oil and gas company’s stock valued at $136,665,000 after purchasing an additional 17,533,477 shares during the last quarter. Institutional investors own 86.04% of the company’s stock.

Shares of Helix Energy Solutions Group, Inc. (NYSE HLX) traded down $0.28 during mid-day trading on Wednesday, hitting $6.37. 1,422,734 shares of the stock traded hands, compared to its average volume of 2,016,987. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.02 and a quick ratio of 2.02. Helix Energy Solutions Group, Inc. has a 52 week low of $4.82 and a 52 week high of $11.71.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Monday, October 23rd. The oil and gas company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. Helix Energy Solutions Group had a negative net margin of 13.72% and a negative return on equity of 1.80%. The company had revenue of $163.30 million during the quarter, compared to analyst estimates of $168.97 million. During the same period last year, the business earned $0.10 earnings per share. Helix Energy Solutions Group’s revenue was up 1.2% compared to the same quarter last year. equities research analysts anticipate that Helix Energy Solutions Group, Inc. will post -0.14 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on HLX shares. Bank of America started coverage on shares of Helix Energy Solutions Group in a report on Tuesday, September 5th. They issued a “neutral” rating and a $7.00 target price on the stock. Piper Jaffray Companies reissued a “hold” rating on shares of Helix Energy Solutions Group in a research report on Friday, October 27th. BidaskClub raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Cowen reaffirmed a “buy” rating and set a $9.00 target price on shares of Helix Energy Solutions Group in a report on Friday, September 1st. Finally, Zacks Investment Research cut shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $8.55.

In other Helix Energy Solutions Group news, EVP Anthony Tripodo sold 6,466 shares of Helix Energy Solutions Group stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $6.92, for a total transaction of $44,744.72. Following the transaction, the executive vice president now directly owns 318,937 shares of the company’s stock, valued at $2,207,044.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nancy K. Quinn sold 11,268 shares of Helix Energy Solutions Group stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $7.44, for a total transaction of $83,833.92. Following the completion of the transaction, the director now directly owns 104,107 shares in the company, valued at $774,556.08. The disclosure for this sale can be found here. Insiders sold 27,734 shares of company stock valued at $196,079 over the last 90 days. 5.70% of the stock is owned by company insiders.

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Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

Institutional Ownership by Quarter for Helix Energy Solutions Group (NYSE:HLX)

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