Sei Investments Co. Raises Stock Position in Helix Energy Solutions Group, Inc. $HLX

Sei Investments Co. boosted its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 93.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 335,854 shares of the oil and gas company’s stock after purchasing an additional 161,901 shares during the period. Sei Investments Co.’s holdings in Helix Energy Solutions Group were worth $3,322,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in shares of Helix Energy Solutions Group by 530.1% during the 1st quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock valued at $1,955,000 after buying an additional 197,882 shares during the period. Caxton Associates LLP bought a new stake in shares of Helix Energy Solutions Group in the first quarter worth $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Helix Energy Solutions Group by 9.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock valued at $3,101,000 after acquiring an additional 32,643 shares during the last quarter. Jane Street Group LLC increased its position in Helix Energy Solutions Group by 1,836.3% during the first quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock valued at $3,143,000 after acquiring an additional 358,663 shares during the last quarter. Finally, Strs Ohio bought a new position in Helix Energy Solutions Group in the first quarter valued at about $89,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HLX shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Helix Energy Solutions Group in a research report on Friday, July 24th. TD Cowen upped their price target on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $14.00.

Helix Energy Solutions Group Stock Down 2.0%

NYSE HLX opened at $9.62 on Friday. Helix Energy Solutions Group, Inc. has a 12 month low of $5.58 and a 12 month high of $10.75. The stock’s 50 day moving average is $9.26 and its 200 day moving average is $9.25. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.42 billion, a PE ratio of 35.61 and a beta of 1.14.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.96%. The firm had revenue of $304.02 million during the quarter, compared to analyst estimates of $314.56 million. Research analysts predict that Helix Energy Solutions Group, Inc. will post 0.28 EPS for the current fiscal 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.