Acuitas Investments LLC Trims Stake in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Acuitas Investments LLC trimmed its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 20.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 343,402 shares of the oil and gas company’s stock after selling 87,000 shares during the quarter. Helix Energy Solutions Group accounts for 2.7% of Acuitas Investments LLC’s holdings, making the stock its 13th largest holding. Acuitas Investments LLC owned about 0.23% of Helix Energy Solutions Group worth $3,201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. bought a new position in Helix Energy Solutions Group in the third quarter worth about $33,000. Millburn Ridgefield Corp bought a new position in shares of Helix Energy Solutions Group during the 3rd quarter worth approximately $61,000. KBC Group NV lifted 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 acquiring an additional 3,491 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in Helix Energy Solutions Group in the fourth quarter valued at approximately $93,000. Finally, Paloma Partners Management Co purchased a new position in Helix Energy Solutions Group in the third quarter worth $130,000. Institutional investors own 91.33% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on HLX shares. StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. TD Cowen lowered their price target on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th.

Insider Activity at Helix Energy Solutions Group

In other news, EVP Kenneth English Neikirk sold 83,991 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. This trade represents a 44.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Scott Andrew Sparks sold 170,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total value of $1,677,900.00. Following the transaction, the chief operating officer now directly owns 112,634 shares of the company’s stock, valued at $1,111,697.58. The trade was a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 269,991 shares of company stock worth $2,607,137. Insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Stock Up 0.2 %

Shares of HLX opened at $8.19 on Tuesday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 204.68 and a beta of 2.43. Helix Energy Solutions Group, Inc. has a 52 week low of $7.76 and a 52 week high of $13.05. The stock’s 50-day moving average price is $8.85 and its 200-day moving average price is $9.81. 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 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.