Aristeia Capital L.L.C. increased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX – Free Report) by 807.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 126,126 shares of the oil and gas company’s stock after acquiring an additional 112,229 shares during the period. Aristeia Capital L.L.C.’s holdings in Helix Energy Solutions Group were worth $791,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Helix Energy Solutions Group during the 4th quarter worth about $27,000. Royal Bank of Canada lifted its holdings in shares of Helix Energy Solutions Group by 175.9% during the 4th quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 4,458 shares in the last quarter. Drucker Wealth 3.0 LLC bought a new position in shares of Helix Energy Solutions Group during the 3rd quarter valued at about $66,000. Strs Ohio acquired a new position in Helix Energy Solutions Group during the 1st quarter worth approximately $89,000. Finally, AXQ Capital LP acquired a new stake in shares of Helix Energy Solutions Group in the third quarter valued at approximately $77,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.
Helix Energy Solutions Group Stock Performance
NYSE HLX opened at $8.88 on Thursday. The firm has a 50-day moving average of $9.74 and a 200-day moving average of $8.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.92 and a current ratio of 2.92. The stock has a market cap of $1.31 billion, a PE ratio of 88.77 and a beta of 1.11. Helix Energy Solutions Group, Inc. has a 52-week low of $5.52 and a 52-week high of $10.75.
Analyst Upgrades and Downgrades
HLX has been the topic of a number of recent research reports. TD Cowen lifted their price objective on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings cut Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.50.
Read Our Latest Stock Analysis on HLX
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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