Vident Investment Advisory LLC lifted its stake in shares of Helix Energy Solutions Group Inc (NYSE:HLX) by 41.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,865,997 shares of the oil and gas company’s stock after acquiring an additional 835,893 shares during the period. Helix Energy Solutions Group makes up about 1.0% of Vident Investment Advisory LLC’s investment portfolio, making the stock its 15th largest holding. Vident Investment Advisory LLC owned about 1.94% of Helix Energy Solutions Group worth $21,610,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of HLX. Jane Street Group LLC acquired a new stake in Helix Energy Solutions Group in the third quarter valued at $118,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth about $181,000. Meadow Creek Investment Management LLC acquired a new stake in shares of Helix Energy Solutions Group during the 4th quarter worth about $202,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth about $206,000. Finally, Cubist Systematic Strategies LLC raised its stake in Helix Energy Solutions Group by 151.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 37,611 shares of the oil and gas company’s stock worth $278,000 after purchasing an additional 22,670 shares in the last quarter. 87.92% of the stock is owned by institutional investors.
Helix Energy Solutions Group stock opened at $5.91 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.70 and a current ratio of 1.70. Helix Energy Solutions Group Inc has a 12-month low of $4.82 and a 12-month high of $8.70. The firm has a market cap of $867.75, a P/E ratio of -39.40 and a beta of 2.52.
Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Monday, February 19th. The oil and gas company reported ($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.01). The business had revenue of $163.27 million during the quarter, compared to analyst estimates of $157.65 million. Helix Energy Solutions Group had a net margin of 5.17% and a negative return on equity of 1.42%. equities research analysts expect that Helix Energy Solutions Group Inc will post 0.11 EPS for the current fiscal year.
Several analysts have weighed in on the stock. ValuEngine cut shares of Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Bank of America lowered shares of Helix Energy Solutions Group from a “neutral” rating to an “underperform” rating and set a $7.00 target price on the stock. in a report on Tuesday, January 16th. Cowen reissued an “outperform” rating and issued a $9.00 target price (down from $10.00) on shares of Helix Energy Solutions Group in a report on Thursday, February 22nd. Piper Jaffray set a $7.00 price target on shares of Helix Energy Solutions Group and gave the company a “hold” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research raised shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a report on Wednesday, January 24th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $8.54.
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Helix Energy Solutions Group Company Profile
Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.
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