Semanteon Capital Management LP Makes New $628,000 Investment in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Semanteon Capital Management LP purchased a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 56,540 shares of the oil and gas company’s stock, valued at approximately $628,000.

Several other institutional investors have also recently made changes to their positions in HLX. Russell Investments Group Ltd. raised its stake in Helix Energy Solutions Group by 95.2% in the first quarter. Russell Investments Group Ltd. now owns 308,892 shares of the oil and gas company’s stock worth $3,348,000 after buying an additional 150,657 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Helix Energy Solutions Group by 74.1% in the second quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock valued at $27,640,000 after purchasing an additional 985,101 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Helix Energy Solutions Group by 35.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 236,168 shares of the oil and gas company’s stock valued at $2,560,000 after purchasing an additional 61,963 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Helix Energy Solutions Group by 14.2% in the first quarter. First Eagle Investment Management LLC now owns 325,758 shares of the oil and gas company’s stock worth $3,531,000 after purchasing an additional 40,500 shares in the last quarter. Finally, Caxton Associates LP boosted its holdings in shares of Helix Energy Solutions Group by 225.5% in the 2nd quarter. Caxton Associates LP now owns 94,860 shares of the oil and gas company’s stock valued at $1,133,000 after buying an additional 65,720 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total value of $3,557,154.48. Following the sale, the chief executive officer now owns 7,171,860 shares in the company, valued at $85,488,571.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.37% of the stock is currently owned by insiders.

Helix Energy Solutions Group Trading Up 1.0 %

NYSE:HLX opened at $9.44 on Tuesday. The company has a market capitalization of $1.44 billion, a P/E ratio of -44.93 and a beta of 2.41. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21. Helix Energy Solutions Group, Inc. has a 12 month low of $8.82 and a 12 month high of $13.05. The firm has a fifty day simple moving average of $10.35 and a 200-day simple moving average of $10.95.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. The business had revenue of $342.42 million for the quarter, compared to the consensus estimate of $354.74 million. During the same quarter in the previous year, the business earned $0.19 EPS. On average, equities research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on HLX. Raymond James began coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective for the company. TD Cowen decreased their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday. BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Finally, StockNews.com cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Friday.

About Helix Energy Solutions Group

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.