Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 66,068 shares of the oil and gas company’s stock, valued at approximately $577,000.
Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of Helix Energy Solutions Group by 530.1% in the first quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock worth $1,955,000 after buying an additional 197,882 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Helix Energy Solutions Group during the 1st quarter valued at about $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Helix Energy Solutions Group by 9.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock valued at $3,101,000 after acquiring an additional 32,643 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Helix Energy Solutions Group by 1,836.3% in the 1st quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock valued at $3,143,000 after acquiring an additional 358,663 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Helix Energy Solutions Group in the 1st quarter valued at approximately $89,000. 91.33% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings upgraded Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Helix Energy Solutions Group has an average rating of “Hold” and an average price target of $14.00.
Helix Energy Solutions Group Stock Down 0.7%
HLX stock opened at $10.39 on Friday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 38.48 and a beta of 1.14. The company has a 50-day moving average of $9.40 and a two-hundred day moving average of $9.44. Helix Energy Solutions Group, Inc. has a 52-week low of $6.02 and a 52-week high of $10.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47.
Helix Energy Solutions Group (NYSE:HLX – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The oil and gas company reported $0.10 EPS for the quarter, topping 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 analyst estimates of $314.56 million. As a group, equities research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.28 EPS for the current year.
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.
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