Helix Energy Solutions Group Inc (NYSE:HLX) Stake Increased by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can grew its stake in shares of Helix Energy Solutions Group Inc (NYSE:HLX) by 5.3% during the first quarter, Holdings Channel reports. The fund owned 188,879 shares of the oil and gas company’s stock after buying an additional 9,500 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Helix Energy Solutions Group were worth $1,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HLX. Macquarie Group Ltd. raised its position in shares of Helix Energy Solutions Group by 1.1% during the fourth quarter. Macquarie Group Ltd. now owns 4,442,065 shares of the oil and gas company’s stock valued at $24,031,000 after buying an additional 46,900 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Helix Energy Solutions Group in the fourth quarter worth $287,000. Victory Capital Management Inc. increased its position in Helix Energy Solutions Group by 21.6% in the first quarter. Victory Capital Management Inc. now owns 12,039,359 shares of the oil and gas company’s stock worth $95,231,000 after purchasing an additional 2,139,840 shares during the last quarter. Two Sigma Securities LLC bought a new stake in Helix Energy Solutions Group in the fourth quarter worth $113,000. Finally, Metropolitan Life Insurance Co. NY increased its position in Helix Energy Solutions Group by 397.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 47,600 shares of the oil and gas company’s stock worth $258,000 after purchasing an additional 38,026 shares during the last quarter. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

HLX traded down $0.21 during trading hours on Wednesday, hitting $7.70. The company’s stock had a trading volume of 5,062 shares, compared to its average volume of 1,178,816. Helix Energy Solutions Group Inc has a 12 month low of $5.05 and a 12 month high of $10.89. The stock has a market capitalization of $1.14 billion, a PE ratio of 40.47 and a beta of 2.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.81 and a current ratio of 1.81.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Monday, April 22nd. The oil and gas company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. Helix Energy Solutions Group had a net margin of 4.37% and a return on equity of 2.00%. The company had revenue of $166.82 million for the quarter, compared to analysts’ expectations of $162.82 million. During the same quarter in the previous year, the business posted ($0.02) earnings per share. Helix Energy Solutions Group’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, research analysts forecast that Helix Energy Solutions Group Inc will post 0.28 earnings per share for the current year.

HLX has been the topic of several research reports. Cowen restated an “outperform” rating and issued a $10.00 price target (down previously from $11.00) on shares of Helix Energy Solutions Group in a research report on Thursday, February 21st. Zacks Investment Research cut shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Raymond James upgraded shares of Helix Energy Solutions Group from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $10.00 to $11.00 in a research report on Friday, June 7th. Finally, Johnson Rice upgraded shares of Helix Energy Solutions Group from an “accumulate” rating to a “buy” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $10.08.

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Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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Institutional Ownership by Quarter for Helix Energy Solutions Group (NYSE:HLX)

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