Helix Energy Solutions Group Inc. (NYSE:HLX) was in 11 hedge funds’ portfolio at the end of the fourth quarter of 2012. HLX has experienced a decrease in support from the world’s most elite money managers recently. There were 13 hedge funds in our database with HLX holdings at the end of the previous quarter.
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With these “truths” under our belt, it’s important to take a look at the recent action encompassing Helix Energy Solutions Group Inc. (NYSE:HLX).
What does the smart money think about Helix Energy Solutions Group Inc. (NYSE:HLX)?
In preparation for this year, a total of 11 of the hedge funds we track were bullish in this stock, a change of -15% from the previous quarter. With hedge funds’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were increasing their stakes considerably.
According to our comprehensive database, Cliff Asness’s AQR Capital Management had the largest position in Helix Energy Solutions Group Inc. (NYSE:HLX), worth close to $42 million, comprising 0.2% of its total 13F portfolio. On AQR Capital Management’s heels is Millennium Management, managed by Israel Englander, which held a $24 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Other hedgies that are bullish include Ken Griffin’s Citadel Investment Group, D. E. Shaw’s D E Shaw and Jim Simons’s Renaissance Technologies.
Due to the fact that Helix Energy Solutions Group Inc. (NYSE:HLX) has faced bearish sentiment from the aggregate hedge fund industry, it’s easy to see that there is a sect of hedgies that decided to sell off their entire stakes heading into 2013. Intriguingly, Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners said goodbye to the largest investment of the 450+ funds we watch, worth about $0 million in stock.. Robert Rodriguez and Steven Romick’s fund, First Pacific Advisors LLC, also sold off its stock, about $0 million worth. These transactions are intriguing to say the least, as aggregate hedge fund interest was cut by 2 funds heading into 2013.
What do corporate executives and insiders think about Helix Energy Solutions Group Inc. (NYSE:HLX)?
Insider purchases made by high-level executives is most useful when the company we’re looking at has experienced transactions within the past half-year. Over the latest six-month time frame, Helix Energy Solutions Group Inc. (NYSE:HLX) has seen zero unique insiders buying, and 6 insider sales (see the details of insider trades here).
Let’s also take a look at hedge fund and insider activity in other stocks similar to Helix Energy Solutions Group Inc. (NYSE:HLX). These stocks are CARBO Ceramics Inc. (NYSE:CRR), Energy XXI (Bermuda) Limited (NASDAQ:EXXI), Forum Energy Technologies Inc (NYSE:FET), Lufkin Industries, Inc. (NASDAQ:LUFK), and Precision Drilling Corp (USA) (NYSE:PDS). This group of stocks are in the oil & gas equipment & services industry and their market caps are closest to HLX’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|CARBO Ceramics Inc. (NYSE:CRR)||13||1||1|
|Energy XXI (Bermuda) Limited (NASDAQ:EXXI)||21||5||5|
|Forum Energy Technologies Inc (NYSE:FET)||6||1||9|
|Lufkin Industries, Inc. (NASDAQ:LUFK)||9||0||0|
|Precision Drilling Corp (USA) (NYSE:PDS)||13||0||0|
With the results shown by Insider Monkey’s research, everyday investors must always monitor hedge fund and insider trading activity, and Helix Energy Solutions Group Inc. (NYSE:HLX) is no exception.