D. E. Shaw & Co. Inc. Decreases Stock Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

D. E. Shaw & Co. Inc. lowered its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 34.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,588 shares of the oil and gas company’s stock after selling 26,021 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Helix Energy Solutions Group were worth $462,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Helix Energy Solutions Group by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company’s stock valued at $130,941,000 after purchasing an additional 343,673 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Helix Energy Solutions Group by 16.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock valued at $61,016,000 after buying an additional 923,477 shares in the last quarter. American Century Companies Inc. grew its position in shares of Helix Energy Solutions Group by 10.2% in the 4th quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company’s stock valued at $44,056,000 after buying an additional 437,814 shares during the last quarter. Wellington Management Group LLP raised its stake in Helix Energy Solutions Group by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company’s stock worth $30,590,000 after acquiring an additional 396,666 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in Helix Energy Solutions Group by 356.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company’s stock worth $23,017,000 after acquiring an additional 1,928,691 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James downgraded Helix Energy Solutions Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $14.00 to $10.00 in a report on Friday, April 25th.

Helix Energy Solutions Group Trading Down 0.6%

Shares of HLX opened at $6.14 on Monday. Helix Energy Solutions Group, Inc. has a twelve month low of $5.66 and a twelve month high of $13.05. The firm has a market capitalization of $930.39 million, a P/E ratio of 153.54 and a beta of 1.69. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $6.96 and its 200 day simple moving average is $8.34.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. The business had revenue of $278.06 million for the quarter, compared to analysts’ expectations of $285.06 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. On average, equities research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

About Helix Energy Solutions Group

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.