Blueshift Asset Management LLC Acquires Shares of 23,655 Helix Energy Solutions Group, Inc. (NYSE:HLX)

Blueshift Asset Management LLC acquired a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLXGet Rating) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 23,655 shares of the oil and gas company’s stock, valued at approximately $113,000.

A number of other institutional investors have also added to or reduced their stakes in HLX. Pinebridge Investments L.P. purchased a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at $31,000. Guinness Atkinson Asset Management Inc grew its holdings in shares of Helix Energy Solutions Group by 26.4% in the first quarter. Guinness Atkinson Asset Management Inc now owns 25,508 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 5,328 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Helix Energy Solutions Group by 19.5% in the fourth quarter. Teacher Retirement System of Texas now owns 27,576 shares of the oil and gas company’s stock valued at $86,000 after purchasing an additional 4,501 shares in the last quarter. Bailard Inc. purchased a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at $89,000. Finally, ProShare Advisors LLC grew its holdings in shares of Helix Energy Solutions Group by 62.4% in the fourth quarter. ProShare Advisors LLC now owns 35,718 shares of the oil and gas company’s stock valued at $112,000 after purchasing an additional 13,718 shares in the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Stock Up 6.7 %

NYSE:HLX opened at $4.44 on Friday. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $3.53 and a 200-day simple moving average of $4.15. The company has a market cap of $673.68 million, a price-to-earnings ratio of -5.69 and a beta of 2.93. Helix Energy Solutions Group, Inc. has a twelve month low of $2.47 and a twelve month high of $5.78.

Helix Energy Solutions Group (NYSE:HLXGet Rating) last released its quarterly earnings data on Monday, July 25th. The oil and gas company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.02. Helix Energy Solutions Group had a negative return on equity of 7.24% and a negative net margin of 17.62%. During the same period in the prior year, the company earned ($0.09) earnings per share. Analysts anticipate that Helix Energy Solutions Group, Inc. will post -0.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HLX shares. Cowen raised their price target on Helix Energy Solutions Group from $6.50 to $7.50 in a research report on Wednesday, July 27th. Cowen raised their price target on Helix Energy Solutions Group from $6.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. StockNews.com downgraded Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 20th. Evercore ISI upgraded Helix Energy Solutions Group from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $6.00 to $8.00 in a research report on Wednesday, July 27th. Finally, Capital One Financial lifted their target price on Helix Energy Solutions Group to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.25.

Helix Energy Solutions Group Company Profile

(Get Rating)

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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Institutional Ownership by Quarter for Helix Energy Solutions Group (NYSE:HLX)

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