Rice Hall James & Associates LLC Sells 2,113 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Rice Hall James & Associates LLC lowered its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 224,073 shares of the oil and gas company’s stock after selling 2,113 shares during the period. Rice Hall James & Associates LLC’s holdings in Helix Energy Solutions Group were worth $2,088,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HLX. Assetmark Inc. bought a new stake in Helix Energy Solutions Group in the third quarter valued at about $33,000. Millburn Ridgefield Corp bought a new stake in Helix Energy Solutions Group in the third quarter valued at about $61,000. KBC Group NV increased its stake in Helix Energy Solutions Group by 61.8% in 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 period. Vontobel Holding Ltd. bought a new stake in Helix Energy Solutions Group in the fourth quarter valued at about $93,000. Finally, Paloma Partners Management Co bought a new stake in Helix Energy Solutions Group in the third quarter valued at about $130,000. Institutional investors own 91.33% of the company’s stock.

Insider Transactions at Helix Energy Solutions Group

In other news, EVP Kenneth English Neikirk sold 83,991 shares of the company’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 transaction of $770,197.47. Following the transaction, the executive vice president now directly owns 104,549 shares in the company, valued at approximately $958,714.33. This represents a 44.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Scott Andrew Sparks sold 170,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the transaction, the chief operating officer now owns 112,634 shares in the company, 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. Over the last three months, insiders have sold 269,991 shares of company stock worth $2,607,137. Corporate insiders own 6.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

Helix Energy Solutions Group Price Performance

NYSE:HLX opened at $8.37 on Wednesday. The firm has a market cap of $1.27 billion, a PE ratio of 209.18 and a beta of 2.43. Helix Energy Solutions Group, Inc. has a 12 month low of $7.76 and a 12 month high of $13.05. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $8.85 and its two-hundred day moving average price is $9.81.

Helix Energy Solutions Group Company 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.