Quantbot Technologies LP Takes Position in Helix Energy Solutions Group, Inc. $HLX

Quantbot Technologies LP purchased a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 138,184 shares of the oil and gas company’s stock, valued at approximately $1,208,000. Quantbot Technologies LP owned about 0.09% of Helix Energy Solutions Group at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Helix Energy Solutions Group during the second quarter worth about $198,670,000. Millennium Management LLC boosted its holdings in Helix Energy Solutions Group by 893.7% in the 3rd quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock valued at $26,409,000 after purchasing an additional 3,620,563 shares in the last quarter. Invesco Ltd. boosted its holdings in Helix Energy Solutions Group by 219.2% in the 2nd 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 2nd quarter worth approximately $10,296,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Helix Energy Solutions Group during the 3rd quarter worth approximately $6,855,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HLX has been the subject of several recent analyst reports. Weiss Ratings raised Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wall Street Zen lowered Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.00.

Helix Energy Solutions Group Stock Up 0.2%

Shares of NYSE HLX opened at $9.99 on Wednesday. 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, Inc. has a 52 week low of $6.03 and a 52 week high of $10.75. The firm has a 50-day moving average price of $9.42 and a 200 day moving average price of $9.48. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 37.01 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 the consensus estimate of $0.08 by $0.02. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. The company had revenue of $304.02 million for the quarter, compared to analyst estimates of $314.56 million. Equities research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.28 EPS for the current fiscal year.

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.