Acuitas Investments LLC Sells 148,532 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Acuitas Investments LLC decreased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 48.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,148 shares of the oil and gas company’s stock after selling 148,532 shares during the quarter. Acuitas Investments LLC’s holdings in Helix Energy Solutions Group were worth $1,657,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC bought a new position in Helix Energy Solutions Group during the fourth quarter worth $44,000. National Bank of Canada FI bought a new position in Helix Energy Solutions Group during the third quarter worth $66,000. Emerald Mutual Fund Advisers Trust bought a new position in Helix Energy Solutions Group during the third quarter worth $87,000. Counterpoint Mutual Funds LLC bought a new position in Helix Energy Solutions Group during the third quarter worth $109,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Helix Energy Solutions Group during the third quarter worth $114,000. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

HLX traded up $0.08 during trading on Friday, reaching $11.37. 403,427 shares of the company’s stock were exchanged, compared to its average volume of 1,742,559. Helix Energy Solutions Group, Inc. has a fifty-two week low of $6.18 and a fifty-two week high of $12.14. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $10.45 and a 200 day moving average price of $10.02. The company has a market capitalization of $1.74 billion, a P/E ratio of -53.81 and a beta of 2.50.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Helix Energy Solutions Group had a positive return on equity of 3.20% and a negative net margin of 2.39%. The business had revenue of $296.21 million for the quarter, compared to analyst estimates of $303.00 million. As a group, analysts predict that Helix Energy Solutions Group, Inc. will post 0.44 earnings per share for the current fiscal year.

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.