Systematic Financial Management LP Decreases Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Systematic Financial Management LP lowered its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 14.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,244,543 shares of the oil and gas company’s stock after selling 389,618 shares during the quarter. Systematic Financial Management LP owned approximately 1.47% of Helix Energy Solutions Group worth $26,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HLX. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Helix Energy Solutions Group during the second quarter worth about $45,000. Pineridge Advisors LLC purchased a new stake in Helix Energy Solutions Group in the fourth quarter valued at approximately $54,000. Lindbrook Capital LLC boosted its holdings in shares of Helix Energy Solutions Group by 1,037.6% in 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 during the period. GAMMA Investing LLC grew its position 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 worth $76,000 after acquiring an additional 1,236 shares during the last quarter. Finally, CWM LLC raised its position in Helix Energy Solutions Group by 10.4% in the 2nd 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 last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on HLX. Raymond James started 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 price objective on the stock. TD Cowen boosted their price target 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.

Helix Energy Solutions Group Stock Performance

NYSE:HLX opened at $10.80 on Friday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of -51.43 and a beta of 2.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 2.08. Helix Energy Solutions Group, Inc. has a 1-year low of $8.82 and a 1-year high of $13.05. The firm’s fifty day moving average price is $10.67 and its 200 day moving average price is $11.01.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The business had revenue of $364.80 million for the quarter, compared to analyst estimates of $353.19 million. During the same period in the previous year, the business posted $0.11 earnings per share. On average, sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

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.