Mitsubishi UFJ Asset Management Co. Ltd. Has $368,000 Stake in Helix Energy Solutions Group, Inc. $HLX

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 58.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,008 shares of the oil and gas company’s stock after purchasing an additional 21,847 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Helix Energy Solutions Group were worth $368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. lifted its stake in Helix Energy Solutions Group by 243.4% in the 2nd quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 3,576 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Helix Energy Solutions Group by 594,600.0% in the first quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 5,946 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Helix Energy Solutions Group by 43.1% in the first quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock valued at $59,000 after purchasing an additional 2,123 shares during the last quarter. CWM LLC lifted its position in shares of Helix Energy Solutions Group by 78.0% in the first quarter. CWM LLC now owns 10,699 shares of the oil and gas company’s stock worth $89,000 after purchasing an additional 4,688 shares in the last quarter. Finally, Strs Ohio acquired a new position in Helix Energy Solutions Group during the first quarter worth $89,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HLX. TD Cowen boosted their price target on shares of Helix Energy Solutions Group from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Zacks Research cut Helix Energy Solutions Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Raymond James Financial reiterated an “outperform” rating and set a $9.00 price objective (down previously from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Finally, Cowen reissued a “buy” rating on shares of Helix Energy Solutions Group in a report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.50.

Helix Energy Solutions Group Price Performance

Helix Energy Solutions Group stock opened at $6.77 on Friday. The company has a market capitalization of $995.00 million, a price-to-earnings ratio of 24.16 and a beta of 1.55. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 12 month low of $5.52 and a 12 month high of $11.48. The stock’s 50 day moving average is $6.55 and its 200-day moving average is $6.45.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Helix Energy Solutions Group had a net margin of 3.25% and a return on equity of 2.75%. The business had revenue of $376.96 million for the quarter, compared to the consensus estimate of $361.93 million. Helix Energy Solutions Group’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Insider Activity at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $6.88, for a total transaction of $275,200.00. Following the completion of the transaction, the chief operating officer directly owned 301,042 shares in the company, valued at $2,071,168.96. The trade was a 11.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 6.60% of the company’s stock.

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.