Engineers Gate Manager LP Grows Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Engineers Gate Manager LP raised its position in Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating) by 125.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,174 shares of the oil and gas company’s stock after acquiring an additional 61,284 shares during the quarter. Engineers Gate Manager LP owned approximately 0.07% of Helix Energy Solutions Group worth $425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in shares of Helix Energy Solutions Group by 34.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 15,669 shares of the oil and gas company’s stock valued at $60,000 after purchasing an additional 4,000 shares in the last quarter. Systematic Financial Management LP lifted its holdings in Helix Energy Solutions Group by 6.7% during the 3rd quarter. Systematic Financial Management LP now owns 3,000,050 shares of the oil and gas company’s stock worth $11,580,000 after buying an additional 189,504 shares during the last quarter. Tudor Investment Corp Et Al lifted its holdings in Helix Energy Solutions Group by 1,711.4% during the 3rd quarter. Tudor Investment Corp Et Al now owns 203,437 shares of the oil and gas company’s stock worth $785,000 after buying an additional 192,206 shares during the last quarter. Point72 Hong Kong Ltd boosted its position in shares of Helix Energy Solutions Group by 388.4% during the 3rd quarter. Point72 Hong Kong Ltd now owns 7,423 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 5,903 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Helix Energy Solutions Group in the 3rd quarter valued at about $1,447,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Helix Energy Solutions Group Stock Down 1.5 %

Helix Energy Solutions Group stock opened at $7.87 on Monday. The stock has a 50-day simple moving average of $7.89 and a 200-day simple moving average of $6.35. The company has a market capitalization of $1.20 billion, a P/E ratio of -13.57 and a beta of 2.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.55 and a current ratio of 1.55. Helix Energy Solutions Group, Inc. has a fifty-two week low of $2.47 and a fifty-two week high of $9.16.

Helix Energy Solutions Group declared that its Board of Directors has initiated a share repurchase program on Monday, February 20th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the oil and gas company to purchase up to 16.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.71.

Helix Energy Solutions Group 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.