American Century Companies Inc. Purchases 138,374 Shares of Helix Energy Solutions Group, Inc. $HLX

American Century Companies Inc. lifted its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,168,485 shares of the oil and gas company’s stock after acquiring an additional 138,374 shares during the period. American Century Companies Inc. owned 3.52% of Helix Energy Solutions Group worth $32,251,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers acquired a new position in shares of Helix Energy Solutions Group during the first quarter worth about $425,000. Charles Schwab Investment Management Inc. grew its position in shares of Helix Energy Solutions Group by 6.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,338,193 shares of the oil and gas company’s stock valued at $19,430,000 after buying an additional 148,834 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in shares of Helix Energy Solutions Group during the first quarter worth about $2,038,000. Hsbc Holdings PLC lifted its stake in Helix Energy Solutions Group by 84.8% in the first quarter. Hsbc Holdings PLC now owns 35,932 shares of the oil and gas company’s stock valued at $302,000 after buying an additional 16,486 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in Helix Energy Solutions Group by 6.2% in the 1st quarter. Raymond James Financial Inc. now owns 691,287 shares of the oil and gas company’s stock valued at $5,745,000 after purchasing an additional 40,052 shares during the last quarter. Institutional investors own 91.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helix Energy Solutions Group in a research note on Tuesday. TD Cowen upped their target price on Helix Energy Solutions Group from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Wall Street Zen upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Cowen restated a “buy” rating on shares of Helix Energy Solutions Group in a report on Friday, October 24th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.50.

Helix Energy Solutions Group Stock Performance

Helix Energy Solutions Group stock opened at $6.67 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.54 and a quick ratio of 2.54. Helix Energy Solutions Group, Inc. has a 12 month low of $5.52 and a 12 month high of $10.97. The company has a fifty day moving average price of $6.60 and a two-hundred day moving average price of $6.46. The company has a market cap of $981.03 million, a PE ratio of 23.82 and a beta of 1.55.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $376.96 million for the quarter, compared to analysts’ expectations of $361.93 million. Helix Energy Solutions Group had a return on equity of 2.75% and a net margin of 3.25%.Helix Energy Solutions Group’s revenue was up 10.1% compared to the same quarter last year. Research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Scott Andrew Sparks sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $6.88, for a total value of $275,200.00. Following the sale, the chief operating officer directly owned 301,042 shares in the company, valued at $2,071,168.96. The trade was a 11.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.60% of the company’s stock.

Helix Energy Solutions Group 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.