Hsbc Holdings PLC Sells 64,089 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Hsbc Holdings PLC cut its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating) by 12.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 445,155 shares of the oil and gas company’s stock after selling 64,089 shares during the quarter. Hsbc Holdings PLC’s holdings in Helix Energy Solutions Group were worth $1,747,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Helix Energy Solutions Group by 5.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 495,800 shares of the oil and gas company’s stock worth $1,537,000 after buying an additional 26,346 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Helix Energy Solutions Group in the third quarter worth about $240,000. Guinness Asset Management LTD lifted its holdings in shares of Helix Energy Solutions Group by 7.4% in the second quarter. Guinness Asset Management LTD now owns 717,104 shares of the oil and gas company’s stock worth $2,229,000 after buying an additional 49,656 shares in the last quarter. Brinker Capital Investments LLC lifted its holdings in shares of Helix Energy Solutions Group by 18.3% in the third quarter. Brinker Capital Investments LLC now owns 194,729 shares of the oil and gas company’s stock worth $752,000 after buying an additional 30,133 shares in the last quarter. Finally, Diversified Trust Co lifted its holdings in shares of Helix Energy Solutions Group by 19.4% in the third quarter. Diversified Trust Co now owns 38,972 shares of the oil and gas company’s stock worth $150,000 after buying an additional 6,330 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Tuesday, February 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.71.

Helix Energy Solutions Group Price Performance

Shares of NYSE HLX opened at $8.28 on Wednesday. Helix Energy Solutions Group, Inc. has a 12 month low of $2.47 and a 12 month high of $9.16. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -14.28 and a beta of 2.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.55 and a quick ratio of 1.44. The firm’s 50 day simple moving average is $7.65 and its 200-day simple moving average is $6.08.

Helix Energy Solutions Group declared that its Board of Directors has initiated a stock repurchase plan on Monday, February 20th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the oil and gas company to buy up to 16.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Helix Energy Solutions Group Company Profile

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Helix Energy Solutions Group, Inc is an international offshore energy company. It focuses on subsea construction, maintenance and salvage services to the offshore natural gas and oil industry. The firm also provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations.