Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Stake in Helix Energy Solutions Group, Inc. $HLX

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 66,068 shares of the oil and gas company’s stock, valued at approximately $577,000.

A number of other institutional investors have also recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Helix Energy Solutions Group in the 4th quarter valued at about $27,000. Royal Bank of Canada boosted its holdings in shares of Helix Energy Solutions Group by 175.9% during the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 4,458 shares during the period. State of Wyoming boosted its holdings in shares of Helix Energy Solutions Group by 357.7% during the first quarter. State of Wyoming now owns 10,449 shares of the oil and gas company’s stock worth $103,000 after purchasing an additional 8,166 shares during the period. Strs Ohio purchased a new position in Helix Energy Solutions Group during the first quarter valued at approximately $89,000. Finally, OneDigital Investment Advisors LLC purchased a new position in Helix Energy Solutions Group during the second quarter valued at approximately $97,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Performance

Shares of HLX stock opened at $10.39 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. Helix Energy Solutions Group, Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $10.75. The stock’s 50-day moving average is $9.40 and its two-hundred day moving average is $9.44. The firm has a market cap of $1.53 billion, a P/E ratio of 38.48 and a beta of 1.14.

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

Wall Street Analysts Forecast Growth

HLX has been the topic of several research reports. Weiss Ratings upgraded shares of Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Helix Energy Solutions Group 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.