Simcoe Capital LLC Invests $3.82 Million in Helix Energy Solutions Group, Inc. $HLX

Simcoe Capital LLC acquired a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 608,632 shares of the oil and gas company’s stock, valued at approximately $3,816,000. Helix Energy Solutions Group comprises approximately 3.6% of Simcoe Capital LLC’s holdings, making the stock its 12th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in Helix Energy Solutions Group by 109.8% during the third quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company’s stock worth $31,515,000 after buying an additional 2,514,402 shares during the last quarter. Acuitas Investments LLC boosted its stake in Helix Energy Solutions Group by 63.8% during the third quarter. Acuitas Investments LLC now owns 681,610 shares of the oil and gas company’s stock worth $4,471,000 after buying an additional 265,604 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Helix Energy Solutions Group during the third quarter worth $799,000. American Century Companies Inc. boosted its stake in Helix Energy Solutions Group by 4.5% during the third quarter. American Century Companies Inc. now owns 5,399,153 shares of the oil and gas company’s stock worth $35,418,000 after buying an additional 230,668 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Helix Energy Solutions Group by 45.3% during the third quarter. First Eagle Investment Management LLC now owns 529,358 shares of the oil and gas company’s stock worth $3,473,000 after buying an additional 165,100 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Price Performance

HLX stock opened at $9.92 on Wednesday. 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 company has a market capitalization of $1.46 billion, a PE ratio of 99.15 and a beta of 1.16. Helix Energy Solutions Group, Inc. has a 12-month low of $5.52 and a 12-month high of $10.75. The business’s fifty day moving average price is $9.58 and its 200 day moving average price is $8.08.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The firm had revenue of $287.95 million for the quarter, compared to the consensus estimate of $260.89 million. Helix Energy Solutions Group had a return on equity of 1.82% and a net margin of 1.10%.The business’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HLX. Weiss Ratings lowered Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. TD Cowen lifted their target price on 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. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.50.

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.