GSA Capital Partners LLP Invests $1.16 Million in Helix Energy Solutions Group, Inc. (NYSE:HLX)

GSA Capital Partners LLP bought a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 1st quarter, Holdings Channel.com reports. The firm bought 140,018 shares of the oil and gas company’s stock, valued at approximately $1,164,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cetera Investment Advisers purchased a new position in Helix Energy Solutions Group in the first quarter valued at about $425,000. Royce & Associates LP purchased a new stake in shares of Helix Energy Solutions Group in the first quarter worth about $527,000. Readystate Asset Management LP acquired a new stake in shares of Helix Energy Solutions Group in the first quarter valued at about $494,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Helix Energy Solutions Group in the first quarter valued at about $1,202,000. Finally, Choreo LLC raised its holdings in shares of Helix Energy Solutions Group by 9.5% during the 1st quarter. Choreo LLC now owns 24,396 shares of the oil and gas company’s stock valued at $203,000 after buying an additional 2,112 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wall Street Zen cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Raymond James Financial restated an “outperform” rating and issued a $9.00 target price (down from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th.

Helix Energy Solutions Group Price Performance

Shares of NYSE:HLX opened at $6.26 on Thursday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $6.53 and its two-hundred day moving average is $7.26. The firm has a market capitalization of $920.16 million, a P/E ratio of 19.56 and a beta of 1.57. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $12.33.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The company had revenue of $302.29 million for the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group had a return on equity of 3.23% and a net margin of 3.92%. Analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share 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.