Man Group plc Acquires Shares of 558,716 Helix Energy Solutions Group, Inc. $HLX

Man Group plc acquired a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 2nd quarter, Holdings Channel reports. The firm acquired 558,716 shares of the oil and gas company’s stock, valued at approximately $4,883,000.

A number of other institutional investors also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership increased its position in Helix Energy Solutions Group by 71.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 577,979 shares of the oil and gas company’s stock worth $5,716,000 after acquiring an additional 240,414 shares during the period. Nierenberg Investment Management Company LLC bought a new stake in Helix Energy Solutions Group during the second quarter worth $1,087,693. Dimensional Fund Advisors LP boosted its stake in Helix Energy Solutions Group by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 8,959,806 shares of the oil and gas company’s stock valued at $88,611,000 after buying an additional 249,887 shares in the last quarter. Bastion Asset Management Inc. acquired a new stake in shares of Helix Energy Solutions Group in the 1st quarter valued at approximately $8,581,000. Finally, Sei Investments Co. grew its stake in shares of Helix Energy Solutions Group by 93.1% during the first quarter. Sei Investments Co. now owns 335,854 shares of the oil and gas company’s stock worth $3,322,000 after buying an additional 161,901 shares during the last quarter. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

Shares of HLX stock opened at $10.14 on Monday. The company has a market cap of $1.49 billion, a P/E ratio of 37.56 and a beta of 1.14. The stock has a 50 day simple moving average of $9.50 and a two-hundred day simple moving average of $9.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.47 and a current ratio of 3.47. Helix Energy Solutions Group, Inc. has a fifty-two week low of $6.03 and a fifty-two week high of $10.75.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The firm had revenue of $304.02 million for the quarter, compared to analyst estimates of $314.56 million. Helix Energy Solutions Group had a return on equity of 2.95% and a net margin of 3.04%. Research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HLX. Wall Street Zen lowered shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings upgraded shares of Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.00.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.