State Street Corp Buys 105,181 Shares of Helix Energy Solutions Group Inc (NYSE:HLX)

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State Street Corp lifted its stake in shares of Helix Energy Solutions Group Inc (NYSE:HLX) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,681,604 shares of the oil and gas company’s stock after purchasing an additional 105,181 shares during the quarter. State Street Corp’s holdings in Helix Energy Solutions Group were worth $7,678,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in shares of Helix Energy Solutions Group during the 4th quarter worth about $187,000. Jane Street Group LLC bought a new position in Helix Energy Solutions Group in the 1st quarter valued at about $39,000. Tudor Investment Corp Et Al bought a new position in Helix Energy Solutions Group in the 1st quarter valued at about $42,000. Dynamic Technology Lab Private Ltd lifted its position in Helix Energy Solutions Group by 25.2% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 37,996 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 7,659 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its position in Helix Energy Solutions Group by 2.6% in the 4th quarter. Mason Street Advisors LLC now owns 49,240 shares of the oil and gas company’s stock valued at $474,000 after acquiring an additional 1,251 shares in the last quarter. 88.08% of the stock is currently owned by institutional investors.

NYSE:HLX opened at $4.19 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.54 and a current ratio of 1.67. The firm has a market cap of $628.54 million, a price-to-earnings ratio of 19.95 and a beta of 3.66. Helix Energy Solutions Group Inc has a 52 week low of $0.99 and a 52 week high of $10.00. The firm has a 50-day moving average price of $3.75 and a two-hundred day moving average price of $4.34.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, July 22nd. The oil and gas company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The firm had revenue of $199.15 million during the quarter, compared to analyst estimates of $173.67 million. Helix Energy Solutions Group had a net margin of 4.36% and a return on equity of 1.52%. During the same quarter last year, the business posted $0.11 EPS. As a group, sell-side analysts forecast that Helix Energy Solutions Group Inc will post -0.18 earnings per share for the current year.

HLX has been the topic of several recent research reports. Bank of America raised shares of Helix Energy Solutions Group from a “neutral” rating to a “buy” rating and set a $4.00 price target on the stock in a research report on Thursday, May 28th. Piper Sandler raised shares of Helix Energy Solutions Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $3.50 to $6.00 in a research report on Thursday, July 23rd. ValuEngine raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 30th. TheStreet cut shares of Helix Energy Solutions Group from a “c-” rating to a “d+” rating in a research report on Wednesday, April 29th. Finally, Zacks Investment Research raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $6.13.

Helix Energy Solutions Group Profile

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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Institutional Ownership by Quarter for Helix Energy Solutions Group (NYSE:HLX)

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