First Eagle Investment Management LLC Has $3.47 Million Holdings in Helix Energy Solutions Group, Inc. $HLX

First Eagle Investment Management LLC raised its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 45.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 529,358 shares of the oil and gas company’s stock after buying an additional 165,100 shares during the quarter. First Eagle Investment Management LLC’s holdings in Helix Energy Solutions Group were worth $3,473,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in Helix Energy Solutions Group by 109.8% in the third 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 acquiring an additional 2,514,402 shares during the period. Invesco Ltd. grew its stake in Helix Energy Solutions Group by 219.2% in the second quarter. Invesco Ltd. now owns 3,198,950 shares of the oil and gas company’s stock valued at $19,961,000 after purchasing an additional 2,196,916 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in Helix Energy Solutions Group during the second quarter worth $10,296,000. Cerity Partners LLC acquired a new position in shares of Helix Energy Solutions Group during the 2nd quarter worth about $8,108,000. Finally, CSM Advisors LLC acquired a new position in Helix Energy Solutions Group during the second quarter worth approximately $2,698,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research 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 assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.50.

Helix Energy Solutions Group Price Performance

Helix Energy Solutions Group stock opened at $9.17 on Thursday. The stock has a 50-day moving average price of $7.86 and a two-hundred day moving average price of $7.02. The company has a market capitalization of $1.35 billion, a PE ratio of 43.64 and a beta of 1.21. Helix Energy Solutions Group, Inc. has a 12 month low of $5.52 and a 12 month high of $10.75. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Monday, February 23rd. The oil and gas company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.08. The firm had revenue of $334.16 million for the quarter, compared to analyst estimates of $304.67 million. Helix Energy Solutions Group had a net margin of 2.39% and a return on equity of 2.88%. The firm’s revenue was down 5.9% compared to the same quarter last year. Analysts expect 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.