Helix Energy Solutions Group, Inc. (NYSE:HLX) Stock Position Raised by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,032,819 shares of the oil and gas company’s stock after purchasing an additional 91,425 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.68% of Helix Energy Solutions Group worth $9,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP grew its position in Helix Energy Solutions Group by 79.8% in the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 2,120 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Helix Energy Solutions Group by 143.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company’s stock worth $45,000 after acquiring an additional 2,902 shares during the period. KBC Group NV lifted its stake in shares of Helix Energy Solutions Group by 61.8% in the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock worth $85,000 after acquiring an additional 3,491 shares during the period. Vontobel Holding Ltd. acquired a new stake in shares of Helix Energy Solutions Group in the 4th quarter worth approximately $93,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Helix Energy Solutions Group in the 4th quarter worth approximately $99,000. Institutional investors own 91.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James lowered shares of Helix Energy Solutions Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $14.00 to $10.00 in a research note on Friday, April 25th.

Helix Energy Solutions Group Trading Down 1.8%

NYSE HLX opened at $6.73 on Wednesday. Helix Energy Solutions Group, Inc. has a twelve month low of $5.66 and a twelve month high of $13.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 168.29 and a beta of 1.69. The firm’s 50 day moving average price is $7.21 and its two-hundred day moving average price is $8.52.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.07. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $278.06 million for the quarter, compared to analysts’ expectations of $285.06 million. Equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.