58,262 Shares in Helix Energy Solutions Group, Inc. $HLX Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 58,262 shares of the oil and gas company’s stock, valued at approximately $509,000.

A number of other hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its stake in Helix Energy Solutions Group by 71.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 577,979 shares of the oil and gas company’s stock valued at $5,716,000 after acquiring an additional 240,414 shares in the last quarter. Nierenberg Investment Management Company LLC bought a new stake in shares of Helix Energy Solutions Group in the second quarter worth $1,087,693. Dimensional Fund Advisors LP grew its position in Helix Energy Solutions Group by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 8,959,806 shares of the oil and gas company’s stock valued at $88,611,000 after purchasing an additional 249,887 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Helix Energy Solutions Group in the 2nd quarter valued at $2,994,000. Finally, Bastion Asset Management Inc. bought a new stake in Helix Energy Solutions Group during the 1st quarter worth about $8,581,000. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Price Performance

NYSE:HLX opened at $10.62 on Monday. Helix Energy Solutions Group, Inc. has a 12-month low of $6.03 and a 12-month high of $10.75. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 39.33 and a beta of 1.17. The stock’s 50 day moving average price is $9.68 and its two-hundred day moving average price is $9.58. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Helix Energy Solutions Group had a return on equity of 2.95% and a net margin of 3.04%.The business had revenue of $304.02 million for the quarter, compared to analysts’ expectations of $314.56 million. On average, analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HLX shares. Wall Street Zen downgraded Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings upgraded Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Helix Energy Solutions Group has an average rating of “Hold” and an average target price of $14.00.

Helix Energy Solutions Group Company 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.