Canada Pension Plan Investment Board Invests $1.02 Million in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Canada Pension Plan Investment Board bought a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 85,200 shares of the oil and gas company’s stock, valued at approximately $1,017,000. Canada Pension Plan Investment Board owned 0.06% of Helix Energy Solutions Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its position 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 acquiring an additional 850 shares during the period. Arizona State Retirement System boosted its holdings in Helix Energy Solutions Group by 3.0% in the 2nd quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company’s stock valued at $484,000 after purchasing an additional 1,187 shares during the period. GAMMA Investing LLC grew its position in Helix Energy Solutions Group by 24.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 1,236 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Helix Energy Solutions Group by 10.2% during the 1st quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock worth $163,000 after purchasing an additional 1,391 shares during the period. Finally, Meeder Advisory Services Inc. raised its position in shares of Helix Energy Solutions Group by 9.5% during the second quarter. Meeder Advisory Services Inc. now owns 16,618 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 1,445 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

Helix Energy Solutions Group stock opened at $10.80 on Friday. Helix Energy Solutions Group, Inc. has a 52-week low of $8.82 and a 52-week high of $13.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a fifty day moving average price of $10.67 and a two-hundred day moving average price of $11.01. The firm has a market capitalization of $1.65 billion, a P/E ratio of -51.43 and a beta of 2.42.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The firm 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 in the previous year, the business earned $0.11 earnings per share. As a group, analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. TD Cowen lifted their price objective on Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Raymond James assumed coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 target price on the 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.