Helix Energy Solutions Group, Inc. $HLX Shares Acquired by Acuitas Investments LLC

Acuitas Investments LLC boosted its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 63.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 681,610 shares of the oil and gas company’s stock after buying an additional 265,604 shares during the quarter. Helix Energy Solutions Group makes up approximately 2.9% of Acuitas Investments LLC’s portfolio, making the stock its 11th largest holding. Acuitas Investments LLC owned approximately 0.46% of Helix Energy Solutions Group worth $4,471,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of Helix Energy Solutions Group by 4.5% in the third quarter. American Century Companies Inc. now owns 5,399,153 shares of the oil and gas company’s stock valued at $35,418,000 after acquiring an additional 230,668 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Helix Energy Solutions Group by 109.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company’s stock valued at $31,515,000 after purchasing an additional 2,514,402 shares in the last quarter. Millennium Management LLC boosted its stake in Helix Energy Solutions Group by 893.7% during the 3rd quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock worth $26,409,000 after purchasing an additional 3,620,563 shares during the last quarter. Gate City Capital Management LLC boosted its stake in Helix Energy Solutions Group by 8.5% during the 2nd quarter. Gate City Capital Management LLC now owns 3,581,525 shares of the oil and gas company’s stock worth $22,349,000 after purchasing an additional 281,771 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Helix Energy Solutions Group by 219.2% during the second quarter. Invesco Ltd. now owns 3,198,950 shares of the oil and gas company’s stock worth $19,961,000 after buying an additional 2,196,916 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on HLX shares. Zacks Research upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.50.

Helix Energy Solutions Group Price Performance

HLX stock opened at $9.47 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.40 billion, a P/E ratio of 45.11 and a beta of 1.21. The business has a 50 day simple moving average of $8.34 and a 200-day simple moving average of $7.21. Helix Energy Solutions Group, Inc. has a twelve month low of $5.52 and a twelve month high of $10.75.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Monday, February 23rd. The oil and gas company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. Helix Energy Solutions Group had a net margin of 2.39% and a return on equity of 2.88%. The business had revenue of $334.16 million for the quarter, compared to analysts’ expectations of $304.67 million. The firm’s revenue was down 5.9% compared to the same quarter last year. As a group, equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.