Helix Energy Solutions Group, Inc. $HLX Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 109.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,804,147 shares of the oil and gas company’s stock after purchasing an additional 2,514,402 shares during the quarter. Principal Financial Group Inc.’s holdings in Helix Energy Solutions Group were worth $31,515,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Bessemer Group Inc. raised its position in Helix Energy Solutions Group by 243.4% in the second quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 3,576 shares during the period. AlphaQuest LLC boosted its stake in shares of Helix Energy Solutions Group by 49.3% in the second quarter. AlphaQuest LLC now owns 8,877 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 2,930 shares during the period. Ballentine Partners LLC acquired a new position in Helix Energy Solutions Group in the 3rd quarter worth $70,000. Federated Hermes Inc. purchased a new position in Helix Energy Solutions Group in the 3rd quarter valued at about $74,000. Finally, XTX Topco Ltd acquired a new stake in shares of Helix Energy Solutions Group during the second quarter valued at about $80,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Price Performance

Shares of HLX opened at $8.56 on Friday. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 30.57 and a beta of 1.25. The stock’s fifty day moving average is $7.10 and its 200-day moving average is $6.65. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $8.90. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.54 and a current ratio of 2.54.

Analyst Upgrades and Downgrades

HLX has been the topic of a number of recent analyst reports. Zacks Research raised Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. TD Cowen reiterated a “buy” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.50.

Helix Energy Solutions Group Profile

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.