Principal Financial Group Inc. Acquires 696,395 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Principal Financial Group Inc. grew its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 87.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,489,359 shares of the oil and gas company’s stock after purchasing an additional 696,395 shares during the period. Principal Financial Group Inc. owned about 0.98% of Helix Energy Solutions Group worth $17,783,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pineridge Advisors LLC bought a new stake in Helix Energy Solutions Group during the 4th quarter valued at about $54,000. Lindbrook Capital LLC raised its stake in shares of Helix Energy Solutions Group by 1,037.6% during the first quarter. Lindbrook Capital LLC now owns 5,563 shares of the oil and gas company’s stock valued at $60,000 after acquiring an additional 5,074 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Helix Energy Solutions Group by 24.0% during the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after acquiring an additional 1,236 shares in the last quarter. CWM LLC boosted its holdings in shares of Helix Energy Solutions Group by 10.4% in the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 850 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new position in Helix Energy Solutions Group in the first quarter worth approximately $135,000. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Trading Down 3.4 %

NYSE HLX opened at $10.28 on Thursday. Helix Energy Solutions Group, Inc. has a one year low of $8.82 and a one year high of $13.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -48.95 and a beta of 2.45. The company’s 50-day simple moving average is $11.42 and its two-hundred day simple moving average is $10.98.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The company had revenue of $364.80 million for the quarter, compared to analyst estimates of $353.19 million. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. During the same period last year, the company posted $0.11 earnings per share.

Analysts Set New Price Targets

Separately, TD Cowen lifted their target price on Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th.

Insider Activity

In related news, Director Diana Glassman sold 2,864 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $10.49, for a total transaction of $30,043.36. Following the completion of the sale, the director now directly owns 42,133 shares in the company, valued at approximately $441,975.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.