Trading Report: The BNP Paribas Arbitrage SA Sold shares of Helix Energy Solutions Group Inc. (HLX)

The BNP Paribas Arbitrage SA Sold shares of Helix Energy Solutions Group Inc. (HLX)

BNP Paribas Arbitrage SA reduced its position in Helix Energy Solutions Group Inc. (NYSE:HLX) by 48.4% during the third quarter, Holdings Channel reports. The institutional investor owned 16,458 shares of the company’s stock after selling 15,439 shares during the period. BNP Paribas Arbitrage SA’s holdings in Helix Energy Solutions Group were worth $134,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in HLX. Capstone Asset Management Co. increased its position in shares of Helix Energy Solutions Group by 0.8% in the second quarter. Capstone Asset Management Co. now owns 54,231 shares of the company’s stock worth $367,000 after buying an additional 430 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Helix Energy Solutions Group by 5.3% in the second quarter. Amalgamated Bank now owns 11,980 shares of the company’s stock valued at $101,000 after buying an additional 604 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Helix Energy Solutions Group by 1.4% in the second quarter. Arizona State Retirement System now owns 51,900 shares of the company’s stock valued at $351,000 after buying an additional 700 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Helix Energy Solutions Group by 5.5% in the second quarter. Profund Advisors LLC now owns 32,580 shares of the company’s stock valued at $220,000 after buying an additional 1,684 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Helix Energy Solutions Group by 15.8% in the second quarter. Public Employees Retirement System of Ohio now owns 20,293 shares of the company’s stock valued at $137,000 after buying an additional 2,762 shares in the last quarter. 86.49% of the stock is owned by institutional investors.

Helix Energy Solutions Group Inc. (NYSE:HLX) opened at 9.33 on Thursday. The firm’s market capitalization is $1.05 billion. The firm has a 50 day moving average of $7.76 and a 200 day moving average of $7.44. Helix Energy Solutions Group Inc. has a 12-month low of $2.60 and a 12-month high of $9.70.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Tuesday, July 19th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). Helix Energy Solutions Group had a negative net margin of 80.32% and a negative return on equity of 2.49%. During the same quarter in the prior year, the business posted ($0.03) earnings per share. On average, analysts forecast that Helix Energy Solutions Group Inc. will post ($0.36) EPS for the current fiscal year.

Several equities research analysts have recently commented on the stock. Credit Suisse Group AG reiterated a “buy” rating and set a $10.00 price target on shares of Helix Energy Solutions Group in a research report on Wednesday, July 20th. DA Davidson began coverage on shares of Helix Energy Solutions Group in a report on Wednesday, October 5th. They set a “buy” rating and a $12.00 price objective for the company. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a report on Tuesday, September 20th. Simmons restated a “buy” rating and set a $9.10 price objective (up previously from $8.00) on shares of Helix Energy Solutions Group in a report on Tuesday, June 21st. Finally, Iberia Capital upgraded shares of Helix Energy Solutions Group to an “outperform” rating in a report on Friday, August 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $9.25.

About Helix Energy Solutions Group

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.

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